COBHAM, England, April 1, 2011 /PRNewswire/ -- Cargill today completed its acquisition of Royal Nedalco's alcohol business from its parent company Royal Cosun, including its production sites in the Netherlands and the UK. Nedalco now becomes an integral part of Cargill's starches and sweeteners business in Europe.
Cargill and Nedalco - whose operating plants are adjacent to each other in both the Netherlands and the UK - have been business partners for many years. Cargill's wheat processing plants supply Nedalco with raw materials for its alcohol production process. This acquisition is therefore a natural extension and integration of the two companies' operations.
This deal involves Nedalco's head office in Bergen op Zoom (The Netherlands) along with its production plants in Manchester (UK) and Sas van Gent (The Netherlands). The two Nedalco plants produce about 1 million hectolitres of high quality potable and industrial alcohol per annum and employ approximately 100 people. For the Nedalco operations in Heilbronn (Germany) the due diligence process is still ongoing. Nedalco's technology development activities are not part of this transaction.
"We are looking forward to building on Nedalco's market-leading position at the high end of the potable and industrial alcohol market in Europe, by tapping into its excellent reputation and the expertise of its employees," says Peter van Deursen, head of Cargill's starches and sweeteners business in Europe. "In addition, Nedalco's customers will receive access to Cargill's product offering and international services."
Nedalco's high-quality alcohol is used in multiple industrial applications in the spirit, food, pharmaceutical, chemical and cosmetics industries. For the spirit industry, the company's alcohol is used as a superior ingredient. In the non spirit segment, the alcohol has a wide range of applications, from flavours and perfumes to mouthwash, disinfectants and printing ink.
Notes for editors:
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 131,000 people in 66 countries.
Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business.
About Cargill's European starches and sweeteners business
Cargill's European starches and sweeteners business is headquartered in Mechelen, Belgium and employs around 2,800 people in 13 locations across Europe. The business sells a full range of products to customers in the food, paper, cardboard, corrugating, pharmaceutical and animal feed sectors.
Royal Cosun is an international agri-industrial group firmly rooted in the primary sector. Its businesses produce ingredients and products that make their way to the food industry, foodservice sector and retail channels. In addition, the group is increasingly focusing on non-food applications.
Cosun's ambition is to get the most out of its raw materials: this is good for the environment, profitability and meets the social demand for responsible products and production methods.
Royal Cosun was established more than 100 years ago by Dutch sugar beet growers who united themselves in a cooperative. Today, the cooperative has some 10,000 member/shareholders and has grown into a business with nearly 4,500 employees and a group turnover of about EUR 1.8 billion.
For more information, visit http://www.cosun.com
About Royal Nedalco
Royal Nedalco is a member of the Cosun group. One of the oldest manufacturing companies in the Netherlands, it forms an essential link in the national agro industry. Nedalco's high quality alcohol is used in a variety of industries, including the drinks industry, the medical sector, the cosmetics industry and the chemical industry.
Thanks to the company's extensive and leading Research and Development activities in yeast technology, Nedalco has been placed at the forefront of the global second-generation fuel ethanol business.
CONTACT: Cargill Gwendoline Ornigg: +32-15-458-319 Gwendoline_Ornigg@cargill.com Wendy Garbutt: +44-1932-86-11-74 Wendy_Garbutt@cargill.com Nedalco Ger Bemer: +31-164-21-34-24 firstname.lastname@example.org Cosun Willy van Oorschot: +31-765-30-32-43 email@example.com