Capol acquires Canadian natural food additive maker Colarôme


Capol, a German company providing coatings solutions to the confectionery industry, has acquired Colarôme, a Canadian manufacturer of natural food additives, for an undisclosed amount.

The German coatings solution is part of the Freudenberg Chemical Specialities, which is a unit of global technology company Freudenberg.

Freudenberg is expanding its presence in the food industry through this acquisition.

Freudenberg Chemical Specialities president and CEO Hanno Wentzler said: "Additives for the food industry are an attractive market segment in the long-term.

"Having Colarôme now in our portfolio, we will be able to strategically develop this business segment.

"Both Capol and Colarôme have very similar business models, so we expect a swift integration into Capol."

"We will be even better able to offer and develop products that precisely meet our customers' requirements."

As per the deal, Capol has acquired Colarôme’s production facility located in Canada.

Colarôme holds production technology patents, which enable it to manufacture a unique line of natural pigments. It is also engaged in the production of flavourings and natural vanilla extracts, while it has 17 employees.

Capol supplies anti-sticking agents for gums and jellies, glazes and polishing agents for sugar dragées, and chocolate-coated centres.

Capol CEO Christian Hauk said: "For Capol, the acquisition generates substantial synergy effects. We will be even better able to offer and develop products that precisely meet our customers' requirements.

“The acquisition is a further step to expanding our position as an industry leader for coatings in the confectionery industry.”