Capol will soon become a division of Freudenberg Chemical Specialities after a deal was reached with Capol’s former owner, financial investor Riverside.
Freudenberg said in a statement: “The company is a successful supplier in the market for confectionery industry additives. With its portfolio of release agents, glazes and sealing agents, Capol ensures that confectionery products do not stick or absorb moisture and have an attractive surface; special coatings protect them from drying out. This makes confectionery more attractive and durable.”
Capol was established in 1975 and is present in three locations in Germany, US and Britain. The company has a workforce of 57.
‘Attractive’ additive market
Freudenberg is a supplier of transport, energy and construction goods. It also has some activities in pharmaceuticals and food.
It has identified the food industry as a key growth market.
"Additives for the food industry are an attractive market segment in the long term. Capol fits very well with Freudenberg Chemical Specialities” said Hanno D. Wentzler, CEO of Freudenberg Chemical Specialities
The Freudenberg Group recorded sales of €6.3bn in 2012.