Azelis bolsters position in Nordic market by snapping up Ingredi
17 May 2018 --- Specialty chemicals and food ingredients distributor Azelis is strengthening its position in the Nordic food market with the acquisition of premium ingredient supplier Sweden-based Ingredi AB. Coming off the back of marking its entry in the South Korean market with the recent acquisition of the distributor of personal care ingredients SammiChem Co, Azelis has now signed another agreement – this time to acquire Ingredi AB, which is effective immediately.
With more than 25 years of experience in consulting, sales, stockholding and distribution of ingredients to these industries, Ingredi is a distributor of raw materials and ingredients for the Swedish food and health industry.
“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 and fish,” said Gert Schnoor, Azelis Managing Director Nordic.
Fredrik Wollin, currently CEO at Ingredi, adds how 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 organization 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. The company's sales office is located in Sjöfartshuset in Gamla Stan, Stockholm.
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