Poland

Azelis is expanding its meat ingredient distribution platform through a new acquisition

Mergers & Acquisitions

Azelis is expanding its business in Poland with the acquisition of Euroconsultant, a Polish distributor of flavours, shelf life extenders and other products predominantly for the meat segment.

Posted on Jan 18 ,13:05

The distributor of speciality chemicals and food ingredients, Azelis, will acquire 100% of Euroconsultant. The transaction is expected to be completed in the first quarter of 2019.

Azelis is predominantly active in the meat segment, the company is diversifying into other segments such as fish, cheese, dairy and poultry flavours. The Polish company's goal is to reduce the traditional smoking to a clean, safe and economical method using smoke condensates.

“We are very excited to bring on board such a well reputed company like Euroconsultant, known in the market for its expertise and service. There is an excellent strategic fit that supports our further growth in Poland and beyond, allowing us to provide an improved product offering and customer reach. Meat consumption in Poland is expected to stay high while more customers switch to the use of flavours compared to traditional smoking methods. Azelis already has a lot of expertise in smoke segment and integration with Euroconsultant will further enhance our position in this market,” Renata Bugiel, Regional Managing Director Poland and Ukraine, declared in statement.

Comments

Similar articles