US-based Cargill has bought Royal Nedalco’s alcohol business from its parent company Royal Cosun
US-based Cargill has bought Royal Nedalco’s alcohol business from its parent company Royal Cosun.
The deal includes Royal’s production site in Manchester and other plants in the Netherlands. The acquisition for an undisclosed amount comes after the two companies collaborated for a number of years. Cargill’s wheat processing plants supply Nedalco with raw materials for its alcohol production process.
Cargill manufactures food and agriculture as well as providing agriculture finance and industrial products. It employs 131,000 people in 66 countries, including 3,000 people across 19 locations in the UK.
Peter van Deursen, head of Cargill’s starches and sweeteners business in Europe, comments, ‘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.’
Nedalco’s alcohol is used in industrial applications in the spirit, food, pharmaceutical, chemical and cosmetics industries.