April 12 2023, David R Brown
Azelis expands its Latin American presence with the acquisition of Vogler in Brazil
Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, has acquired a majority-stake in Vogler Ingredients Ltda., a renowned specialty distributor of food ingredients in Brazil. The acquisition represents a strategic expansion of the group's footprint in the largest economy in Latin America and accelerates its growth strategy in the region.
Vogler provides Azelis with a significant foothold in the Brazilian food and nutrition market and the opportunity to expand with our customers and principals
Frank Bergonzi
CEO of Azelis Americas
Vogler is one of Brazil's leading specialty ingredient distributors, active in the food & nutrition and animal nutrition markets. The company operates three full-service application laboratories at its headquarters in São Paulo, and has a regional office in Recife. With over 130 experienced employees, Vogler serves 2,300 customers, including many of the region's largest food and animal feed producers. João Viveiros, Vogler's founder and General Director, will remain and continue to lead the business.
Frank Bergonzi, Chief Executive Officer Azelis Americas, commented: “In line with our strategic vision to be the preeminent innovation service provider in the regions where we operate, joining forces with Vogler provides Azelis with a significant foothold in the Brazilian food and nutrition market and the opportunity to expand with our customers and principals.”
Eduardo Salinas, Managing Director LATAM, Azelis Americas added: “I am happy to see that Vogler and Azelis share the commitment to innovation and sustainability and that our business models are very similar: technical sales supported by application labs and exclusive partnerships with blue-chip principals. Vogler's expertise in the markets it serves, work ethic, enthusiasm, and customer focus fit perfectly with our values.”
João Viveiros, General Director of Vogler, remarked: “We are delighted to become part of Azelis, which enables us to serve our current customers and principals better and allows us to enter new markets. Our market-leading regional expertise, combined with Azelis' strong global network and principal relationships, creates a powerful international partnership, which will benefit our diverse range of principals and customers.”
The transaction is expected to close in the second quarter of 2023, after the fulfilment of customary closing conditions.
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 67 countries across the globe with over 3,800 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 more than 59,000 customers, supported by ~2,700 principal relationships, creating a turnover of €4.1 billion (2022). Azelis Group NV is listed on Euronext Brussels under ticker AZE.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com