May 17 2018, David R Brown
Azelis strengthens its position in the Nordic food market with the acquisition of Ingredi
Azelis has announced it has signed an agreement to acquire Ingredi AB, effective immediately. Ingredi is a distributor of raw materials and ingredients for the Swedish food and health industry operating from a sales office in Sjöfartshuset in Gamla Stan, Stockholm.
We are excited about this acquisition as Ingredi’s product portfolio is very complementary to the current Azelis Nordic Food businessGert Schnoor
Azelis Managing Director Nordic
The company has more than 25 years of experience in consulting, sales, stockholding and distribution of ingredients to these industries. Ingredi offers a broad quality assortment focusing on natural functional ingredients with "clean labeling" and organic raw materials.
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.”
Fredrik Wollin will continue his work in Azelis, mainly dedicated to serving customers in Sweden.
Azelis is a leading global speciality chemicals and food ingredients distributor providing a diverse range of innovative products and services. Dedicated teams serve customers in the following industries: Personal Care, Pharma, Food & Health, Animal Nutrition, Specialty Agri/Horti, Homecare & Industrial Cleaning, CASE (coatings, adhesives, sealants & elastomers), Chemicals, Lubricants & Metal Working Fluids and Rubber & Plastic Additives. The Group has a turnover of around EUR 1.8 billion and employs around 1,800 people located in more than 60 facilities in over 40 countries across the EMEA, Asia Pacific and Americas regions.
Source(s): Azelis Press Release