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New Deal


Announced

Azelis to acquire a majority stake in Ashapura Aromas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Capital Goods

Single Bidder

Friendly

Majority

Cross Border

flavors and fragrances

Pending

Acquisition

India

Private

Synopsis

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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.

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