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New Deal


Announced

Completed

Azelis completed the acquisition of BLH.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Private

France

perfumery market

flavors and fragrances

Cosmetics

Majority

Completed

Friendly

Single Bidder

Synopsis

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Azelis, a service provider in the specialty chemical and food ingredients industry, completed the acquisition of BLH, a distributor of flavors and fragrances focused on the fine perfumery market in France. Financial terms were not disclosed. “Becoming part of the Azelis family is a great opportunity for BLH, as our portfolio is complementary with the expertise in natural essential oils of Azelis. We are both established players in the Grasse region and understand what is required to succeed in this market. Together we will deliver a broad portfolio, deeply rooted expertise, and a dedicated service to customers. In addition, we will benefit from Azelis’ strong digital backbone and continuous commitment to sustainability and innovation. I am very much looking forward to becoming a part of Azelis and bringing the teams together,” Nicolas Bécot, BLH CEO.

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