Clearwater has advised Codrico, a private independent company operating business-to-business in the fields of hydrothermal treatment of grain products and flours, on its sale to the private investment company, Itwaco.
Codrico specialises in hydrothermal treatment of grain products and flours, through extrusion and maize milling, for the production of grits for the corn-flaking, brewing, snackm and corn flour industries. With a workforce of 50 employees, the company generates annual revenues of approximately €50m.
Founded in 2009 and based in Rotterdam, Itwaco is a private investment company operating in the food manufacturing sector.
