Palsgaard Acquires Brazilian Ingredients Company

Palsgaard acquired the majority of the shares of Brazilian food ingredients company Candon Aditivos para Alimentos in December 2016. Transaction details remain undisclosed. 

Since 2008, Candon has been supplying a range of special ingredients and premixes as well as a series of bakery emulsifiers to the food industry in Brazil, followed with interest by the Danish-based emulsifier specialist Palsgaard.

Palsgaard CEO Jakob Thoisen stated: “Palsgaard has been following the development of Candon since 2014 and has been impressed by the company’s capabilities, especially within cake emulsifiers. We strongly believe that by adding Palsgaard know-how, we’ll have an excellent opportunity to further develop the product range of Candon and ultimately expand sales to North and South America via Palsgaard’s sales network to the benefit of both companies”.

Questioned if the Brazilian company will develop new products in the near future, Thoisen told WorldBakers: “We continuously strive to be innovative and transform our innovations to the benefit of our customers, so that they are able to make line extensions of existing products and make new appealing products for the consumers. We are looking at a variety of baked products and especially the cake area has our attention, here Palsgaard Candon can really make a quality difference for the manufacturers and the consumers”.

Candon founder Cassandro Rufino will continue as a minority shareholder and as CEO of the company. The company continues business under the name Palsgaard Candon S.A.