Dutch-based international distributor and manufacturer of ingredients and products for the food, chemical and technical industries, Caldic, has completed its acquisition of R2 Group, based in Denmark. The acquired company is an independent distributor and manufacturer of food ingredients, material science and health and pharma products with a strong presence in the Nordic countries as well as in the Netherlands, Germany and Italy.

Sellers were the company’s management and Danish private equity fund Maj Invest Equity. Financial terms of the deal were not disclosed.

Caldic CEO Olav van Caldenborgh said the buyout supports his company’s focus on innovation to extend its full service capabilities. With its food production and innovation centers including liquid and dry production facilities for the food industry as well as its strong position in bio-based products, he said the Danish firm will be a good complement.

For R2, the connection with Caldic will open new global sales channels.