Tag Archives: Food Ingredients

Azelis acquires Seoul based Food Ingredients Distributor MH Co., Ltd.

Specialties Distribution Group to grow further in South Korea by Add-on Acquisition

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has acquired MH Co., Ltd. (Seoul, South Korea), a distributor of Food Additives & Ingredients for an undisclosed sum.
According to the announcement, this acquisition is helping Azelis in broadening “its offering in the highly attractive and expanding innovative food market of South Korea, with its 51 mn inhabitants and a high GDP per capita”. Azelis has made its first acquistion in Korea in 2018, entering the Personal Care sector at the time. 

Established in 2005, the company disrributes Food Ingredients such as Gluten, Starches, Sweeteners, and Functional Food Additives. MH is a family-owned business, controlled by Maeng Moon-Ho, who will remain with the company and support the integration of MH into Azelis.

No financial information was disclosed on the transaction.

Source: Azelis press release

HGE – DCG / 05.07.2021

Brenntag to acquire U.S. Food Ingredients Distributor JM Swank

Creation of the leading Food Ingredients Distributor in the United States

Global chemical distributor Brenntag SE (Essen, Germany) earlier in the week announced the acquisition of the US-based Storm Chaser Holding Corporation [“JM Swank”] (North Liberty, IA – United States) from Platinum Equity (Beverly Hills (Los Angeles), CA – United States). The company is a leading distributor of food ingredients and reported sales of approx. USD 500 mn in 2020. At an enterprise value of USD 304 mn, Brenntag announced the move as “a decisive step in expanding Brenntags’s position in the North American Nutrition industry and a key acquisition aligned with Brenntag’s M&A strategy.”


Brenntag said the acquired company offers a highly diversified product portfolio of food ingredients, such as Spices, Dairy, Grain, Sweeteners, Fats & Oils, Texturants, Flavours & Colours, Starches Cocoa, and Inclusions. The broad product line complements Brenntag’s existing portfolio in the Nutrition industry.


According to Randy Cimorelli, Chief Executive Officer of consolidated JM Swank, Lentz Milling and Armour Specialty Marketing companies, “the combined scale and resources [of Brenntag and JM Swank] will provide a bigger and even better platform to serve our customers and lead the market in food ingredient distribution.”


Source: Brenntag press release; JM Swank website


HGE – DCG / 25.06.2021

Brenntag to acquire Food Ingredients Distributor Zhongbai Xingye in China

Expansion in Food Ingredients to augment Product Offering in China

Global chemical distributor Brenntag AG (Essen, Germany) announced that the group has signed an agreement to acquire Zhongbai Xingye Food Technology (Beijing) Co., Ltd [“Zhongbai Xingye”], (Beijing, China), a company which is dedicated to the distribution of a wide variety of Specialty Food Ingredients, including Dairy Products and Proteins, in a two step process.


The investment comprises an initial  67% stake, and a second tranche of the  remaining 33%, which will be acquired by Brenntag by end of 2024. The transaction is valued at an Enterprise Value of about EUR 90 mn.


According to the announcement, the acquired business generated sales of approx. EUR 146 mn over the twelve-months period up to June 2020. Closing of the first tranche is subject to certain contractual conditions and regulatory approvals and is expected to be completed in the first half of 2021. The business will be part of the groups’s global division Brenntag Specialties.


Source: Brenntag press release


HGE – DCG / 29.01.2021

Food Distributor Arlès Agroalimentaires changes Name to Caldic Ingredients France

Caldic fully aligns French Food Ingredients Activities

International producer and distributor of food ingredients and chemicals, Caldic B.V. (Rotterdam, The Netherlands) has announced that it’s subsidiary Arlès Agroalimentaire SAS (Rognac, France), which it had acquired in autumn 2019, upon full integration into the group has changed its name to Caldic Ingredients France SASU, effective 01. January 2021.


Source: Caldic press release


HGE – DCG / 25.01.2021


Azelis announces Agreement to acquire CW Pacific

Private Equity owned Distribution Group expands Asia-Pacific Coverage

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire 100% of the shares of CW Pacific, Elle Bee Exports, CW Pacific Specialties and EB1 Pty Ltd [“CW Pacific”] (Mosman (Sydney), NSW – Australia) for an undisclosed sum from founders Skip Webb and Camiel Huisman.


Founded in 1997 and currently employing 17 people, CW Pacific specializes in the distribution of food ingredients for the Bakery and Meat markets as well as specialty chemicals for the Horticulture market. The company primarily serves the Australian market, but also Papua New Guinea, New Zealand and other Pacific Islands. All employees will become part of Azelis, including founder and managing director Skip Webb. CW Pacific has offices in Sydney, Melbourne and Brisbane including a food test kitchen (in Brisbane), that provides innovative solutions to its customers, Azelis said in the announcement.


Source: Azelis press release


HGE – DCG / 29.12.2020