June 1 2022, David R Brown
Caldic announces acquisition of Food Industry Technology Ltd
Caldic B.V. has announced the acquisition of UK-based Food Industry Technology Ltd (FIT), a value-add distributor of food ingredients and functional blends. FIT will help accelerate Caldic's strategy to increase its focus on life science solutions and growth in this attractive market. The move further strengthen Caldic's footprint in the UK food industry through a significant increase in scale and continued focus on functional food ingredients.
We will now have the opportunity to realize some of the growth potential that we have been keen to capitalize on in recent yearsDavid Gray
Managing Director Food Industry Technology
FIT has been active in the distribution, manufacturing and sales of specialty ingredients, functional blends and innovative products for over 35 years. The Bedfordshire-based team is dedicated to providing customized solutions and bespoke blends. Furthermore, the application expertise and technical support enable FIT to tailor solutions to the UK food manufacturing industry with products targeting nutrition, texture and taste functionalities.
Laurent Pasqualini, CEO Caldic Europe, explained that “FIT operates an in-house manufacturing and warehouse facility and a well-equipped application and research laboratory, which give us the opportunity to create a more appealing and scalable food distribution platform in the UK to conclude new exclusive distribution agreements. This is an exciting moment to welcome the FIT team aboard Caldic as we are pushing forward our growth agenda, with a specific focus on the life science market.”
David Gray, Managing Director Food Industry Technology added, “The team at FIT are excited to join Caldic. We will now have the opportunity to realize some of the growth potential that we have been keen to capitalize on in recent years. We have built up an expert team who now look forward to working with a much larger organization to explore and deliver innovative solutions to the food market.”
Caldic is a full-service solution provider engaged in the development of specialty solutions in the food, health & personal care and industrial markets. With locations throughout Europe, North America and Asia-Pacific, its strengths lie in its global network combined with local expertise, giving the flexibility to answer local needs and build domestic partnerships. Operating with in-house warehouses, manufacturing facilities and technical expertise, the company provides tailored solutions that contribute to customers’ business successes. In 2021 Caldic reported revenues of just under EUR 1 billion and the Group has around 1100 full time employees.
Source(s): Caldic Press Release