Specialties Distribution Group takes part in further Consolidation of Life Sciences Ingredients Distribution in EMEA
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire Quimdis S.A.S. (Levallois-Perret (Paris), France), a distributor of ingredients for Nutraceuticals, Flavors & Fragrances, Animal Nutrition, Personal Care, Pharma and Food. Besides enhancing the position of Azelis France in the life sciences sector, Azelis expects the acquisition to strengthen its offering to fast-growing and attractive markets, the ananouncent said.
Quimdis was founded in 1988 by Jean-François Quarré, Michel Manalt and Claire Couratier, originally focusing on essential oils and active ingredients. Today the activities include ingredients distribution and formulation development in the French market and sales to more than 45 countries. Quimdis holds Ecocert, ISO 9001: 2015 and ISO 22000: 2005 approvals and certifications. The company has sales close to EUR 100 mn and its 78 employees serve over 1’000 customers and ca. 400 suppliers. Mr. Quarré will remain in his position to support the transition of Quimdis to Azelis.
No financial information was disclosed on the transaction, which is expected to be completed by end of August, according to Azelis’ press release.
Source: Azelis press release
HGE – DCG / 23.07.2021