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CP Kelco Announces Approval to Build New Citrus Peel Plant in Latin America

ATLANTA, April 30, 2015 (GLOBE NEWSWIRE) -- CP Kelco, a leading global producer of specialty hydrocolloid solutions, today announced approval from the company's Boards of Directors to build a new, world-scale processing plant in Latin America for dry citrus peel. Citrus peel is the core raw material used to produce pectin, one of CP Kelco's strategic product lines.

Completion of the new citrus peel plant is targeted for the second half of 2016.

"CP Kelco is committed to ensuring that pectin remains a reliable ingredient for the global market over the long term," said Don Rubright, President of CP Kelco. "As we address the current global shortage of citrus peel and the continuing growth in pectin demand, building a new peel facility is a strategic investment in the sustainability of this segment."

The company is also expanding its pectin manufacturing facility in Limeira, Brazil, with completion targeted for this year.

About CP Kelco

Headquartered in Atlanta, Georgia, USA, CP Kelco is a leading producer of specialty hydrocolloids with offices and facilities across the globe. Featuring an extensive range of hydrocolloid solutions and serving over 100 countries, CP Kelco leverages its capabilities to bring concepts and ideas to real-world products in a broad range of applications. The company's specialty ingredients touch a wide variety of industrial applications, consumer and household products, tailored to meet the needs of regional consumers. Key product lines are Gellan Gum, Pectin, Cellulose Gum, Diutan Gum, Xanthan Gum, Carrageenan, Carboxymethyl Cellulose and Microparticulated Whey Protein Concentrate, as well as other unique biopolymers. Visit www.cpkelco.com for more information.

CONTACT: Michele Cacdac-Jones Director of Communications Office: +1 678 247 7149 michele.cacdac-jones@cpkelco.com

Source: CP Kelco