EQT-backed Azelis completed the acquisition of Euroconsultant.

EQT-backed Azelis, a distributor of speciality chemicals and food ingredients, completed the acquisition of Euroconsultant, a Polish distributor of flavours, shelf life extenders and other products predominantly for the meat segment. Financial terms were not disclosed. “There is an excellent strategic fit that supports our further growth in Poland and beyond, allowing us to provide an improved product offering and customer reach. Meat consumption in Poland is expected to stay high while more customers switch to the use of flavours compared to traditional smoking methods. Azelis already has a lot of expertise in smoke segment and integration with Euroconsultant will further enhance our position in this market,” Renata Bugiel, Azelis Regional Managing Director Poland and Ukraine