May 5 2021, David R Brown
Azelis to enter flavors and fragrances market in the US with the acquisition of Vigon International
Azelis is to acquire 100% of the outstanding shares of Vigon International, Inc., a leading US specialty distributor and manufacturer of ingredients for the flavors, fragrances, and cosmetics market segments. Vigon offers a comprehensive product portfolio to its customers, including flavors, natural and synthetic aroma chemicals, actives, functional ingredients, and essential oils.
Vigon is a strategic platform, providing us an important foothold in the US market with a sizeable potential for future growth
Dr. Hans Joachim Müller
Chief Executive Officer of Azelis
The acquisition of Vigon enables Azelis to gain a strong position in the growing and non-cyclical markets of flavors and fragrances in the Americas as well as increasing Azelis' prescence in the life sciences sector. In addition Vigon's co-manufacturing and blending capabilities provides Azelis with added value services to better serve both principals and customers.
Founded in 1988, Vigon represents some of the world's most prominent flavor and fragrance producers and ingredient manufacturers serving over 1,000 customers in the flavors, fragrances, and cosmetics markets. The company also has a growing presence in fast-growing natural ingredients. Vigon employs 120 team members and is owned and managed by Steve Somers Sr., and his son Steve Somers Jr., who will both remain with the company.
Dr. Hans Joachim Müller, Azelis Chief Executive Officer, said: “Joining forces with Vigon gives us a unique opportunity to acquire a market leader in the attractive North American flavors and fragrances market segments with ample synergy potential. Vigon is a strategic platform, providing us an important foothold in the US market with a sizeable potential for future growth and strengthens Azelis’ overall business profile.”
Steve Somers Sr., President at Vigon, added: “We have enjoyed a strong track record of growth underpinned by our ‘Passion for Simplicity’ in all that we do at Vigon. We pride ourselves on our long-term relationships with our supply partners and customers. Becoming part of Azelis, a global market leader, is a new milestone in our company's development.”
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,200 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to about 40,000 customers, creating a turnover of €2.15 billion (2019).
Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com