Announced
Financials
Sources
Tags
Acquisition
Friendly
ingredients distributor
Single Bidder
Majority
Pending
Private
United States
Cross Border
Fruit and Grain Processing
Synopsis
Azelis, a global innovation service provider in the specialty chemicals and food ingredients industry, agreed to acquire Gillco Ingredients, a specialty ingredient provider. Financial terms were not disclosed. “In line with our strategic vision to be the preeminent innovation service provider in all territories where we operate, we are happy to welcome Gillco to the Azelis family. This acquisition strengthens our lateral value chain for the food and nutrition market, as well as the broader life sciences segment in the US, and allows us to offer a truly compelling proposition to both principals and customers," Hans Joachim Müller, Azelis CEO.
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