Announced
Financials
Sources
Tags
Food Products
Single Bidder
Cross Border
Brazil
Acquisition
Friendly
food ingredients
Majority
Private
Pending
Synopsis
Azelis, a global innovation service provider, agreed to acquire a majority stake in Vogler, a specialty distributor of food ingredients. Financial terms were not disclosed. “In line with our strategic vision to be the preeminent innovation service provider in the regions where we operate, joining forces with Vogler provides Azelis with a significant foothold in the Brazilian food and nutrition market and the opportunity to expand with our customers and principals. In addition, Vogler is a platform for Azelis in Brazil to provide further growth by leveraging our international infrastructure, and global lab network. We will utilize Vogler as the foundation to add market segments and expand our lateral value chain,” Frank Bergonzi, Azelis CEO of Americas.
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