Palsgaard Acquires Brazilian Supplier Candon Aditivos

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Juelsminde, Denmark — Palsgaard A/S has purchased Candon Aditivos para Alimentos, a Brazil-based supplier of special ingredients, premixes and bakery emulsifiers, according to the acquiring firm.

Candon founder Cassandro Rufino will continue as minority shareholder and CEO of the company, which will now operate as Palsgaard Candon S.A.

“Palsgaard has been following the development of Candon since 2014, and has been impressed by the company’s capabilities, especially within cake emulsifiers,” says Jakob Thoisen, CEO of the acquiring firm. “We strongly believe that by adding Palsgaard’s know-how, we’ll have an excellent opportunity to further develop the product range of Candon, and ultimately expand sales to North and South America via Palsgaard’s sales network to the benefit of both companies.”