Caldic Expands Food And Specialty Chemical Footprint With The Acquisition Of R2 Group
28 Sep 2015 --- Caldic B.V., international distributor and producer of food ingredients, chemicals and technical activities has completed the acquisition of R2 Group A/S, an independent Nordic player offering food ingredients and chemical solutions for the industrial and health & personal care market.
Caldic is a provider of food and chemical solutions, with entities in Europe, North America and Asia-Pacific. Caldic’s strengths lie in its global network combined with local expertise, giving the flexibility to answer local needs and build domestic partnerships. Operating with in-house production facilities, test centers, laboratories and technical expertise, the company provides tailored solutions that add value to customers’ business success.
According to Caldic’s Chief Executive Officer Olav van Caldenborgh, this acquisition is unique in its sort. He says: “This acquisition is supporting our focus on innovation in order to further extend our full service capabilities. R2 Group is a great addition with its production and innovation centers including liquid and dry production facilities for the food industry. Also, R2 Group obtained a strong position in bio based products and material science. Intensifying our customer focused vision, it ensures our capacity to stay ahead of market developments and fulfill customer demands.”
R2 Group is located in Hedensted, Jylland, and is the leading food ingredients and chemical products provider in the Nordics and with significant sales in The Netherlands, Germany and Italy. The shareholders of R2 Group are its management team: Peter Skou, Thomas Nielsen and Lars Skou and the Danish private equity fund Maj Invest Equity.
”We look forward to joining forces with Caldic B.V.”, Chief Executive Officer of R2 Group Peter Skou explains. “Caldic is a well-reputed Dutch company, and we share the same values and views of customer service, product innovation, and business ethics. We are confident that we will continue developing our long-term strategies in R2 Group, now under the umbrella of Caldic B.V.”
Peter Skou also explains that Caldic’s presence and network in many parts of the world are expected to form great global sales channels for R2 Group’s own products within food ingredients and biocides.
Jan Hove, Partner at Maj Invest Equity adds “It has been a pleasure to work closely together with the team at R2 Group, and we are proud to have been part of the journey of developing R2 Group into an even more successful company since we invested in 2011. We are convinced that Caldic is the best owner for R2 Group going forward.”
The acquisition will be funded through a combination of cash at hand and funds made available by Rabobank Rotterdam.
