Press Release Capol GmbH acquires Colarôme Inc.

Specialist manufacturer of glazes and anti-sticking agents for the confectionery industry expands portfolio by acquiring Canadian Colarôme Inc.

Elmshorn, October 6th, 2017 – Elmshorn based Capol GmbH, a Business Unit of Freudenberg Chemical Specialities, SE & Co. KG (FCS), today announced to acquire Colarôme Inc., Saint Hubert, Canada with immediate effect. Capol expects to benefit from future important synergies both for product innovation and market penetration. As part of the acquisition Capol obtains a new production plant in North America which will further strengthen the business in this region and abroad.

Both Capol and Colarôme have deep expert knowledge in special applications of the food industry, particularly in the confectionery market. The Capol portfolio serves all applications of the confectionery industry requiring surface treatment, e.g. anti-sticking agents for gums and jellies, glazes and polishing agents for sugar dragées or chocolate-coated centers. Colarôme, based in St. Hubert in the greater Montreal region, was founded in 1998. The company holds patents on a production technology for a unique line of natural pigments allowing to create innovative coating products for food applications. The company offers flavor formulations and natural color pigments as well as natural vanilla extracts. Colarôme currently employs 17 people. The acquisition builds the foundation to further expand the global Capol business.

“Additives for the food industry are an attractive market segment in the long term. Having Colarôme now in our portfolio, we will be able to strategically develop this business segment”, says Hanno D. Wentzler, President and CEO of FCS. “Both Capol and Colarôme have very similar business models, so we expect a swift integration into Capol”, he said.

“For Capol the acquisition generates substantial synergy effects. We will be even better able to offer and develop products that precisely meet our customers’ requirements. The acquisition is a further step to expand our position as leading player for coatings in the confectionery industry. The Colarôme production plant in Canada will help us to react even more rapidly to customer demands”, Christian Hauk, CEO of Capol GmbH emphasizes.

About Capol
Capol GmbH was founded in 1975. Since then the company has developed and produced glazes, anti-sticking and sealing agents for the confectionery industry. The products are marketed under the brand names of CAPOL®, CAPOLEX® and FIX GUM®. Innovative product developments are implemented using state-of-the-art manufacturing equipment. The company is active in more than 50 countries through subsidiaries, agents and distributors and has a workforce of 67 people. Since 2013 it is part of Freudenberg Chemical Specialities, Munich, a Business Group of the German multi-technology company, Freudenberg, Weinheim. For further information, please click http://www.capol.de

About Colarôme
Colarôme Inc. is a privately held Canadian company operating in the natural ingredient sector. Since 1998 Colarôme has developed processes for the manufacturing and the formulation of dyes, pigments, flavors and extracts. The company's head office, production plant and research and development laboratory are located in the Greater Montreal Area (Canada), where most of its currently 17 people are employed. For further information, please click http://www.colarome.com

About Freudenberg Chemical Specialities
Freudenberg Chemical Specialities develops, manufactures and markets chemical specialities. In order to be as close as possible to customers, the company has a global market presence comprising five brands: Klüber Lubrication, Chem-Trend, OKS, SurTec and Capol. Freudenberg Chemical Specialities is one of the world's leading manufacturers of speciality lubricants, release agents, chemotechnical maintenance products as well as surface treatment and electroplating solutions. Headquartered in Munich, Germany, Freudenberg Chemical Specialities operates in about 40 countries via its own companies. In 2015, the Business Group employed a workforce of around 3,300 and generated a turnover of approx. Euro 960 million. For further information, please click http://www.fcs-munich.com

Press contact:

Capol GmbH
Christian Hauk
Otto-Hahn-Str. 10
D-25337 Elmshorn
Tel. +49-(0)4121-4774-0
E-Mail: hauk@capol.de

Colarôme Inc.
Marc Beaudoin
5132, J.-A Bombardier
Saint-Hubert, QC
J3Z 1H1 Canada
Tel.: +1 450 766 8707-224
E-Mail: mbeaudoin@colarome.com