February 28 2019, David R Brown
Azelis buys MK Ingredients & Specialties to strengthen its position in the Indian food segment
Azelis has acquired 100% of family-owned distributor, MK Ingredients & Specialties and SSD Industries (combined 'MK') in India. MK is well respected in the local market and has strong relationships with its customers in food applications such as confectionery, bakery and dairy. Non-food segments include paints and coatings as well as chemicals for industrial markets. Azelis will also take over MK’s food laboratory. All employees and management will be joining Azelis India.
MK and Azelis India have a solid and highly compatible supplier mix and this acquisition will help increase the value Azelis can bring to our customers and principalsLaurent Nataf
CEO and President Azelis Asia Pacific
The acquisition brings improved product offering and customer reach to Azelis, enabling the company to grow its Food & Health business, a strategic focus area in India. MK’s well-equipped laboratory and highly trained staff are consistent with Azelis’ focus on innovation and product development.
Laurent Nataf, CEO and President Azelis Asia Pacific, comments: “MK and Azelis India have a solid and highly compatible supplier mix and this acquisition will help increase the value Azelis can bring to our customers and principals. It will provide us with an improved product offering and customer reach, in particular within the food industry. MK Ingredients won an award for best APAC distributor in 2016 and for exceptional business growth in 2018. This clearly demonstrates the great partnerships they have with principals, a value which is shared by Azelis.”
Aparna Khurana, Managing Director Azelis India, adds: “In 2018, Azelis opened three application laboratories in India, servicing the Personal Care, Food and CASE markets. Combining the Azelis food lab with MK’s modern and fully equipped food lab will complement our technical expertise, especially in the dairy and bakery sectors.”
The acquisition of MK illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.
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 1.94 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