CP Kelco acquires Gold Millet
Gold Millet's GMXAN and GMZAN xanthan gum products will retain their brand names and join the CP Kelco family of biogums products.
16/03/06 CP Kelco announces that it has completed its 100% purchase of Shandong Gold Millet Biological Products Company based in Shandong Province, China.
When the acquisition closed March 7, Gold Millet became known as CP Kelco (Shandong) Biological Co. Ltd. Gold Millet's GMXAN and GMZAN xanthan gum products will retain their brand names and join the CP Kelco family of biogums products.
"With the acquisition of Gold Millet, CP Kelco is the only xanthan gum manufacturer with plants in the Americas, Europe, and Asia," says Tom Lamb, CP Kelco's President and CEO. "Our expanded global footprint brings our products closer to our customers in emerging markets and contributes to our continued leadership in xanthan gum production and quality."
Owned by J.M. Huber Corporation, CP Kelco is a leading global producer of specialty hydrocolloids, with more than 2,000 customers in over 100 countries, and facilities in North America, Europe, Asia and Latin America. CP Kelco produces xanthan gum, pectin, carrageenan, and carboxymethlyl cellulose (CMC), the most widely-used cellulose ether in the world.
