Enhanced Position in the North American Life Science Sector for Specialties Distribution Group
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire 100% of the outstanding shares of Vigon International, Inc. [“Vigon”] (East Stroudsburg, PA – United States), for an undisclosed sum. The company is active as a specialty chemicals distributor and manufacturer of ingredients for the Flavours, Fragrances, and Cosmetics market segments. The product portfolio includes flavours, natural and synthetic aroma chemicals, actives, functional ingredients, and essential oils.
Founded in 1988 by Steve Somers Sr., Vigon today has 120 employees. The company represents some of the world’s most prominent flavors & fragrance producers and ingredient manufacturers, serving over 1’000 customers. Today it is owned and managed by a father-and son team, Steve Somers Sr. (father), and Steve Somers Jr. (son). Both will remain with the company after closing of the transaction and continue to lead the business, according to the announcement.
Azelis said the acquistion of Vigon will provide access to strategic end markets that a are non-cyclical and steadily growing and also enhances its position in the Life Sciences sector.
No financial information was disclosed on the transaction, which is expected to be completed during Q2-2021, according to Azelis’ press release.
Source: Azelis press release
HGE – DCG / 07.05.2021