Azelis to acquire a majority stake in Ashapura Aromas.

Azelis, a service provider in the specialty chemicals and food ingredients industry, agreed to acquire a majority stake in Ashapura Aromas, a distributor of ingredients in the flavors & fragrances market. Financial terms were not disclosed. “Acquiring a majority stake in Ashapura is an important element of our global growth strategy that completes our F&F offering across all regions following the group’s acquisitions of Vigon and Quimdis, and allows us to become a market leader in the F&F industry with Ashapura as the cornerstone of our F&F platform in Asia Pacific," Hans Joachim Müller, Azelis CEO.