Houlihan Lokey Advises Eulip

Houlihan Lokey is pleased to announce the sale of Eulip S.r.l. to Capol, the food and beverage ingredients business unit of Freudenberg Chemical Specialities, a business group of the Freudenberg Group. The transaction was closed on 1 December 2025.

Founded in 1946 and headquartered in Parma, Italy, Eulip is recognised for its broad product portfolio of specialised vegetable oils and fats, high levels of flexibility, and co-development approach for customised solutions. Eulip’s expertise in raw materials and ingredients as well as flexible production processes, combined with long-standing customer relationships, has made it a trusted partner for manufacturers in the food industry, particularly in the bakery, ice cream, and desserts, chocolate creams, and confectionery segments.

Founded in 1975 and headquartered in Germany, Capol is a premier manufacturer of added-value food ingredient solutions and global leader in surface treatments for the confectionery industry, offering glazing, anti-sticking, and sealing agents used worldwide. A business unit of Freudenberg Chemical Specialities, Capol is part of the Freudenberg Group and serves clients in over 100 countries with a portfolio of more than 250 innovative solutions. Capol operates facilities in Europe and North America.

By combining Eulip’s advanced know-how in specialised vegetable oils and fats with Capol’s surface treatment formulation expertise, the integration will accelerate technological innovation and deliver high-performance customised solutions for food manufacturing and processing. Together, the companies bring decades of process expertise and deep application knowledge across key food segments, ensuring comprehensive technical support and tailored customer solutions that meet evolving industry needs.

This acquisition will further strengthen Capol’s position as a leading provider of innovative, high-quality solutions for the food and beverage industry.

Houlihan Lokey acted as financial advisor to Eulip. The transaction further strengthens Houlihan Lokey’s track record in the food ingredient sector and demonstrates the firm’s strength in performing relevant transactions in the Italian market with a strong cross-border angle.

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