JUELSMINDE, DENMARK — Palsgaard has acquired the majority of the shares of Candon Aditivos para Alimentos, which has supplied a range of ingredients and premixes as well as a series of bakery emulsifiers to the Brazilian food industry since 2008.
“Palsgaard has been following the development of Candon since 2014 and (has) been impressed by the company’s capabilities, especially within cake emulsifiers,” said Jakob Thoisen, chief executive officer of Julesminde-based Palsgaard. “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.”
Cassandro Rufino, the founder of Candon, will continue as minority shareholder and as c.e.o. of Candon. The company name will change to Palsgaard Candon S.A.Palsgaard supplies the global food industry with a range of emulsifiers and/or emulsifier/stabilizer systems.