Ingredients company Palsgaard makes yet another expansion move,
by taking over full control of Dutch PGPR manufacturer Emulsion
Holland in Zierikzee in Holland, together with its South African
subsidiary Emulsion Holland South Africa. This announcement comes
only months after Palsgaard A/S published its plans of constructing
a new 20.000 MT emulsifier factory in Asia becoming operational at
the end of 2012.
Until now Palsgaard has been holding 50% of the shares but has
now taken over the remaining 50% from the two Dutch companies
Protos and Emilijn having been holding each 25% of the shares.
"We have had a good cooperation with the Dutch shareholders
over the last many years, but we have wished to be in full control
in order to drive the company's product portfolio further forward,
in closer synergy with our other emulsifiers produced in Juelsminde
Denmark, and at other plants" - says CEO of Palsgaard Birger