Palsgaard A/S Takes Over Emulsion Holland B.V.

This announcement comes only months after Palsgaard A/S published its plans of constructing a new 20.000 MT emulsifier factory in Asia becoming operational at the end of 2012.

5/13/2011 --- Ingredients company Palsgaard makes yet another expansion move, by taking over full control of Dutch PGPR manufacturer Emulsion Holland in Zierikzee in Holland, together with its South African subsidiary Emulsion Holland South Africa. This announcement comes only months after Palsgaard A/S published its plans of constructing a new 20.000 MT emulsifier factory in Asia becoming operational at the end of 2012.

Until now Palsgaard has been holding 50% of the shares but has now taken over the remaining 50% from the two Dutch companies Protos and Emilijn having been holding each 25% of the shares. "We have had a good cooperation with the Dutch shareholders over the last many years, but we have wished to be in full control in order to drive the company’s product portfolio further forward, in closer synergy with our other emulsifiers produced in Juelsminde Denmark, and at other plants” - says CEO of Palsgaard Birger Brix.