Leading pectin and xanthan gum supplier CP Kelco is to acquire Gold
Millet, the second largest producer of xanthan gum in China, the
firm told FoodNavigator-USA in an exclusive interview.
High energy costs bite into margins for the number one pectin
player CP Kelco with the company passing the prices onto the
market, announcing increases for a range of hydrocolloids in its
portfolio.
Gellan CP Kelco, bought by JM Huber last month, has launched
Kelcogel HM-B gellan gum, a hydrocolloid system designed to provide
suspension of cocoa and minerals in ready-to-drink dairy based
beverages, writes Philippa Nuttall.
Number one global xanthan gum supplier CP Kelco is on the auction
block as majority stakeholder merchant bank Lehman Brothers opts to
sell its slice in the leading hydrocolloid company, reports
Lindsey Partos.
After a heated tug of war with the board, the man who last year
took speciality chemicals company ISP private has abandoned efforts
to gain control of US chemicals and food gums company Hercules.
