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 just months after Palsgaard published its plans of constructing a new 20,000 MT emulsifier factory in Asia, which is due to become 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, which had each been holding 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 Birger Brix, CEO of Palsgaard.
