Caldic Completes Acquisition of Nealanders

Caldic, distributor and producer of food ingredients, chemicals and technical activities has completed the acquisition of Nealanders International, a Northern American value add distributor of food ingredients.

Nealanders has 180 employees and produces a turnover of $180 million. The acquisition will directly contribute to the result of Caldic.

Nealanders's facilities are located throughout Canada with its headquarters in Toronto and subsidiaries in Vancouver, Montreal and Chicago (USA) providing a coast-to-coast network for distribution and technical sales. Nealanders focuses on providing product innovation to its customers with its comprehensive in-house laboratory capabilities for ingredients development and full technical and regulatory support.

Caldic's core business is the distribution of chemicals and food ingredients. The company employs over 900 people and accounts show a turnover of $815 million in 2011. In recent years the company has demonstrated a strong focus on growing its business in the distribution of food ingredients. In 2011, over 25% of its activities were related to the food industry.