Riverside entered into confectionery industry

The acquisitions market leader the Riverside acquired the majority ownership of Kaul GmbH. that is a world leader in the development of coating materials of confectionery products, such as jelly gum, chewing gum, sugar-coated chocolate.

Since its 1975 establishment the Kaul GmbH, is the leading polishing, adhesion inhibitor, and
isolating material manufacturer of the confectionery industry, agriculture and pharmaceutical industry. The company's clienture includes nearly all the major confectionery companies.
The capital investment of the Riverside project is provided by REF IV its latest European Fund, the acquisition financing is provided by Unicredit Markets and Investment Banking, and Berenberg Bank in Hamburg – reports tozsdeforum.hu.