January 17 2019, David R Brown
Azelis acquires Polish flavours distributor Euroconsultant Sp.zoo
Azelis has agreed to acquire 100% of Euroconsultant, a Polish distributor of flavours, shelf life extenders and other products predominantly for the meat segment. The transaction sees all employees joining the Azelis team and the deal is expected to be completed in the first quarter of 2019.
There is an excellent strategic fit that supports our further growth in Poland and beyond, allowing us to provide an improved product offering and customer reachRenata Bugiel
Regional managing director, Azelis Poland and Ukraine
Azelis believes the acquisition will significantly expand its flavours offering in one of Europe's fastest-growing economies, particularly as meat is a staple of Polish diets and the country is a major producer of meat products. Although Euroconsultant is predominantly active in the meat segment, the company has started diversifying into other segments such as fish, cheese, dairy and poultry flavours.
Renata Bugiel, regional managing director Poland and Ukraine, said: “We are very excited to bring on board such a well-reputed company like Euroconsultant, known in the market for its expertise and service. There is an excellent strategic fit that supports our further growth in Poland and beyond, allowing us to provide an improved product offering and customer reach.”
Michał Bąbelek and Bartosz Maryniak, Founders and Managing Directors of Euroconsultant, added: “We are very proud of what we have achieved over the last decade, having gradually grown the company to where it is today. Joining Azelis will only strengthen the company and will enable us to continue to thrive under their ownership, securing long-term prospects for our principals, customers, employees and other partners. While we focus on integration in short-term, we will continue to pursue our long-term ambition of increasing the use of clean smoke condensates.”
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 40 countries across the globe with around 1,900 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to over 40,000 customers, creating a turnover of EUR 1.9 billion. In the US we operate under a number of renowned co-brands that cater to the various markets in the region. Throughout our extensive network of more than 50 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release