Cargill to expand its global pectin business and acquire FMC’s pectin operations
Posted: 10 August 2015 | | No comments yet
Acquisition strengthens Cargill’s texturising portfolio to meet growing demand for label-friendly food ingredients…
Cargill has signed an agreement with FMC to acquire its pectin operations, including a production site in Milazzo, Sicily.
Pectin is a key component of Cargill’s texturizing portfolio and the company is keen to further develop its offering. “We took this step so we can provide food companies around the world with a strong supply of high quality pectin available; a ‘label-friendly’ food ingredient for which we see a clear growing demand,” says Colleen May, president of Cargill’s texturising solutions business. “With a direct access to fresh citrus peel, the facility is ideally located. It will be a perfect addition to our existing network of facilities in Europe and complement our supply chain.
The Milazzo plant is a highly specialized pectin production facility located in the middle of the citrus orchards near the Tyrrhenian Sea in Sicily. Since 1990 the facility produces high quality HM (high methoxyl) pectin, running primarily on fresh peel. The site comprises fresh peel washing and drying equipment, a pectin production line, dry peel storage silos and a quality control laboratory. It is operated by an experienced team with an outstanding processing and safety record.
Frank Monmont, EMEA regional director of Cargill’s texturizing solutions business explains: “This acquisition underlines our commitment to drive distinctive value for our stakeholders. We intend to further develop the relationship with the local lemon processing companies, ultimately to the benefit of our customers, who seek reliable partners to meet their growing pectin demand”.
The transaction is subject to regulatory approvals and is expected to close in the next few months.