Cargill completes Citrico acquisition
Citrico’s pectin production and sales operations in Malchin, Germany, will become part of Cargill’s texturising business in Germany.
26/05/05 Cargill has completed the acquisition of the global pectin business of Citrico, a manufacturer and international supplier of citrus products for the food, beverage and pharmaceutical industries.
Citrico’s pectin production and sales operations in Malchin, Germany, will become part of Cargill’s texturising business in Germany. Citrico’s pectin business has a workforce of over 120 employees worldwide.
“By integrating Citrico’s pectin business with our specialty starches, xanthan gum and soy protein businesses, the company will be better positioned to deliver unique, high value solutions to food and beverage companies worldwide,” says Ralph Appel, head of Cargill’s global texturising business. “The Citrico team further enhances our existing staff of technical specialists dedicated to developing innovative value-added texturising solutions and we are happy to welcome them on board.”
Cargill announced plans for the acquisition of Citrico in March. The €46.7 million valued manufacturer and international supplier of citrus products went into liquidation in December 2004.
