Chemicals specialist Azelis has established a leading position in the Nordic food distribution market with the acquisition of LCH A/S.
The move by Azelis sees the company take advantage of LCH’s focus on innovation and product development, while allowing it to double its Nordic food business.
Danish ingredients producer LCH primarily operates within the Denmark, offering organic, preservative-free and protein-rich ingredients and mixes. All 16 of its employees, as well as its Turkish subsidiary Inno Gida, will join Azelis.
Azelis EMEA CEO Anna Bertona said: “We are excited about this acquisition as LCH’s product portfolio is complementary to the current Azelis Nordic Food business. Together we will cover the main food applications markets, such as bakery, confectionery, ingredients, and meat and fish.
“Furthermore, the acquisition of LCH immediately doubles the Azelis Nordic food business, making us a leading food distributor in the region.”
LCH CEO Gert Schnoor said: “Azelis and LCH share the same values as well as a focus on innovation, value creation and growth through relationships with carefully selected partners.
“We are truly satisfied with the deal, since it clearly opens up new opportunities for the LCH team and will allow our business model to expand into new territories. We will become part of a larger, strong, international organisation that offers greater development opportunities on many fronts.”
The news comes after Azelis expanded its business in Africa earlier this year, setting up a new hub in Côte d’Ivoire to focus on speciality ingredients for the food and health markets.
© FoodBev Media Ltd 2017