Chemicals specialist Azelis has further bolstered its position in the Nordics with the acquisition of Ingredi, a Swedish firm which distributes raw materials and ingredients for the company’s food and health industries.
Ingredi has more than 25 years of experience in consulting, sales, stockholding and distribution of ingredients, with a broad selection of natural functional ingredients with clean-label and organic appeal, Azelis said.
The move will further expand Belgian-based Azelis’ presence in Scandinavia following the acquisition last year of Danish ingredients producer LCH.
Gert Schnoor, Azelis Managing Director Nordic, comments on the deal: “We are excited about this acquisition as Ingredi’s product portfolio is very complementary to the current Azelis Nordic Food business. Together we will cover the main food applications markets, such as bakery, confectionery, health food and meat & fish.”
Fredrik Wollin, currently CEO at Ingredi, adds: “Azelis and Ingredi share the same values as well as focus on innovation, value creation and growth through partnerships with carefully selected partners. We are truly satisfied with the deal, since it clearly opens up new opportunities. We will become a part of a larger, strong, international organisation that offers greater development opportunities on many fronts. With the new setup we can offer a much wider product portfolio and know-how to our customers.”
The company’s CEO, Fredrik Wollin, will continue in his role , mainly serving customers inside Sweden.
The deal is effective immediately; the value of the transaction has not been disclosed.
© FoodBev Media Ltd 2019
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