NETHERLANDS: CSM agrees on acquisition of Glucona
Dutch food group CSM has announced that it has reached an agreement in principle to acquire Glucona, a gluconic acid derivative manufacturer, for €35m (US$34.2m) in cash. Glucona, which has an annual turnover of around €30m, is currently owned by cooperative AVEBE and has production facilities in the Netherlands and in the US. The derivatives that it produces are used as a calcium and mineral enricher in food and pharmaceutical products, reported Reuters News.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Brazil seeks to cool concerns over meat probe
- Lactalis fails to hit threshold to delist Parmalat
- Unilever invests in Dutch meat substitute project
- US meal delivery service Blue Apron buys BN Ranch