Weinheim, Germany — The Freudenberg Group has acquired confectionery glaze and release agent supplier Capol GmbH, which will become part of its chemical specialties business group, comprised mainly of lubricants and release agent suppliers for the plastics, rubber and metal industries. The acquisition marks Freudenberg’s first venture in the food industry.
CEO Hanno Wentzler explains: “Additives for the food industry are an attractive market segment in the long term. Capol fits very well with Freudenberg Chemical Specialties and there are considerable similarities between our business models. This segment is subject to similar success factors and market mechanisms as our existing divisions.”
Becoming part of Freudenberg will allow Capol to expand its international business and access new markets, according to Managing Director Dr. Matthias Seemann. It will operate as an independent business unit under the Freudenberg Chemical Specialties Business Group umbrella and will continue to be based in Elmshorn, Germany.