Azelis announced the purchase of Quimdis, expanding its presence in France and the broader Europe, Middle East, and Africa regions.
WHO: Quimdis was founded in 1988 by Jean-François Quarré, Michel Manalt, and Claire Couratier, focusing on essential oils and active ingredients. The company has become a leading distributor of ingredients for nutraceuticals, flavors & fragrances, animal nutrition, personal care, pharma, and food in the French market and with sales into more than 45 countries.
Azelis is a leading distributor of specialty chemicals and food ingredients present in over 40 countries, with 15 personal care application labs across the world, and 2,000 employees. Knowledgeable teams of industry, market, and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. They offer a lateral value chain of complementary products to about 40,000 customers.
WHY: This acquisition strengthens Azelis' offering to fast-growing and attractive markets, while also enhancing the position of Azelis France in the life sciences sector. The deal is consistent with Azelis' strategy of complementing organic growth with strategic acquisitions.
IN THEIR OWN WORDS: Dr. Hans Joachim Müller, Chief Executive Officer & President at Azelis, says, "Following our recent acquisition of Vigon in North America and now Quimdis, Azelis is well positioned to develop, structure and implement a global strategy for flavor & fragrance market with the aim to become a market leader. Quimdis will be our EMEA pillar of that strategy and a crucial part of creating a global flavor & fragrance platform. Quimdis and Azelis will combine its relationships with top tier principals, with the aim of extending mandates in existing and new countries for a number of attractive product groups."
Mr. Jean-François Quarré, founder and CEO at Quimdis, comments, "We are delighted about the opportunity to continue to grow our business under Azelis' ownership. As well as benefitting from Azelis' global principal relationships, Quimdis will have access to Azelis' digital marketing and technical capabilities which will allow us to develop and promote innovative and sustainable solutions for the life science industry. Becoming part of the Azelis family provides many synergistic opportunities that will help secure our future."
Mr. Benoit Fritz, Managing Director of Azelis France, adds, "Azelis will leverage Quimdis' expertise to complement our lateral value chain with reliable and natural products like essential oils, amino acids, active ingredients, vitamins and minerals. We will further benefit from their strong presence across EMEA, expertise and product portfolio in attractive target market segments and geographies."
- Azelis announced the purchase of French ingredient distributor Quimdis.
- Mr. Quarré will remain in his position to support the transition of Quimdis to Azelis.
- Quimdis is headquartered in Paris and has sales close to €100MM, with 78 employees over 1,000 customers, and 400 suppliers.
2 Article(s) Remaining