Belgium-based chemicals specialist Azelis has increased its position in the Nordic market with the acquisition of Ingredi, a Sweden-based distributor of raw materials and ingredients for the food and health industries.
Ingredi distributes a wide selection of natural functional ingredients with clean-label and organic appeal, according to Azelis. The move will further expand Azelis’ presence in Scandinavia following the acquisition last year of Danish ingredients producer LCH.
Gert Schnoor, Azelis Managing Director Nordic, comments: “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.”