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Riverside adds to German confectionary platform

16 Aug 2012

The Riverside Company has acquired the US food ingredients distribution business of Centerchem, a distributor of Capol products.

Based in Elmshorn, Germany, Capol is a Riverside platform company that develops and manufactures polishing, anti-sticking and release agents used for confectionary applications.

“Acquiring this business unit provides Capol with direct access to a large blue-chip customer base in the crucial North American market,” said Riverside principal Dominik Heer. “This add-on acquisition will drive growth and improve both top line and bottom line results for Capol, while allowing the company to better penetrate the world’s largest confectionary market.”

This transaction is Riverside’s 18th acquisition of 2012. Most recently, it invested in Independent Doctors of Optometric Care (IDOC), an alliance of independent optometrists in the US.

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