Take Centerchem to the River: Riverside Strikes a Deal

The Riverside Company, the Ohio-based private equity firm, is acquiring the US-based food ingredients distribution business of Centerchem, a distributor of Capol products. Capol is a Riverside platform company that develops confectionery applications; the new operation, Capol LLC, will be based in Illinois. Deloitte advised Riverside on the transaction.


The Riverside Company has acquired the U.S. 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. The new U.S. operation, Capol LLC, is based in Northbrook, Illinois.
Capol sells to clients in more than 60 nations, and is the world’s leading glazing expert for the confectionary industry.
“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.”
“The people of Capol thank Centerchem for their 30 years of dedication in building this business to what it is today. From that solid foundation, we look for continued advancement of our client service and product development for the important North American market,” said Matthias Seemann, CEO of Capol GmbH.
Riverside has a long and successful history of corporate carve-outs from companies like General Electric, Siemens, and ITT. This transaction is Riverside’s 18th acquisition of 2012.
Working with Heer on the Riverside deal team were Partner Thomas Blomqvist and Vice President Sven-Hendrik Schulze.
Deloitte advised Riverside on the transaction while Jones Day provided legal advice.
The Riverside Company (http://www.riversidecompany.com or http://www.riversideeurope.com)
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $200 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 280 transactions. The firm’s international portfolio includes more than 75 companies, and it has more than $3 billion/€2.5 billion in assets under management.