Azelis Reinforces Its Footprint in the Benelux Food & Nutrition Market With the Acquisition of Smoky Light B.V.

Rhea-AI Summary

Azelis has acquired 100% of Smoky Light B.V., enhancing its position in the Benelux smoke ingredients market. This strategic acquisition aims to expand Azelis' footprint in EMEA and complement its product offerings in the food and nutrition sector. Smoky Light, established in 1995, specializes in smoke flavors and has over 200 customers in the Benelux region. The acquisition is expected to reinforce Azelis' expertise in aroma formulations and support growth in the short and long term.

Positive

• Acquisition strengthens Azelis' position in the Benelux market.
• Expands Azelis' footprint in the smoke ingredient market across EMEA.
• Complementary product offerings enhance Azelis' lateral value chain for food and nutrition.

Negative

• None.

ANTWERP, Belgium--(BUSINESS WIRE)-- Regulatory News:

Azelis (Brussels:AZE), a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has acquired 100% of the shares of Smoky Light B.V. (‘Smoky Light’), a well-established distributor in the Benelux smoke ingredients market.

The acquisition reinforces Azelis’ position in the Benelux market and expands its footprint in the smoke ingredient market in EMEA. Smoky Light’s portfolio of products strategically complements the group’s lateral value chain for the food & nutrition market, thereby further expanding its expertise and product offering to customers.

Established in 1995 and located in Reeuwijk, the Netherlands, Smoky Light is specialized in the distribution of smoke, grill, browning agents and cooking flavors and additives for the food & nutrition industry. The company is managed by Ahrend Buckers, who will continue to lead the business and support the integration into Azelis. Smoky Light employs a team of dedicated local technical sales experts and runs its own formulation laboratory to serve its strong network of over 200 customers in the Benelux.

Ahrend Buckers, Managing Director of Smoky Light, comments:
“Joining Azelis will support our further growth in the Benelux in the short-term. In the long run, we are looking forward to entering a wider smoke ingredients industry that is now possible for us thanks to Azelis’ strong infrastructure in that market. We are very excited and proud to be part of a leading global innovative distributor and to contribute to its success.”

Evy Hellinckx, Managing Director Azelis Benelux, adds:
“Integrating Smoky Light into Azelis is a great opportunity to reinforce Azelis’ footprint in the Netherlands and Belgium, but also to further strengthen Azelis' expertise and activities in smoke ingredients. This transaction is not only a great contribution to our range of aroma formulations, but it also builds on our growth strategy and reinforces our position as leading innovation service provider in specialty ingredients. It will also strengthen our relationships with our strong and established partners with whom we both work.”

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About Azelis

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 57 countries across the globe with around 3,000 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 51,000 customers, supported by ~2,300 principal relationships, creating a turnover of €2.8 billion (2021). Azelis Group NV is listed on Euronext Brussels under ticker AZE.

Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers’ product development process. We combine a global market reach with a local footprint to offer a reliable, integrated and unique digital service to local customers and attractive business opportunities to principals. EcoVadis Platinum rated, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230110005785/en/

Azelis

Emmanuel Linares

EMEA Corporate Communications Manager

T: +33 1 89 54 89 39

E: emmanuel.linares@azelis.fr

Source: Azelis

FAQ

What acquisition did Azelis announce recently?

Azelis announced the acquisition of 100% of the shares of Smoky Light B.V., a distributor in the Benelux smoke ingredients market.

How does the acquisition of Smoky Light benefit Azelis?

The acquisition reinforces Azelis' position in the Benelux market and expands its expertise and product offerings in smoke ingredients.

What is the strategic importance of the Smoky Light acquisition for Azelis?

The acquisition is pivotal for enhancing Azelis' capabilities in the smoke ingredients sector, complementing its existing products in food and nutrition.

When was Smoky Light founded?

Smoky Light was established in 1995.

What is the stock symbol for Azelis?

The stock symbol for Azelis is AZE, listed on Euronext Brussels.