July 1 2021, David R Brown
Azelis diversifies presence in South Korea through the acquisition of food ingredient distributor MH
Azelis has announced that it has acquired MH in South Korea, a reputable local distributor in the food ingredients market. Azelis' already strong presence in the personal care market will be complemented by MH's foothold in these new market segments.
Our presence in South Korea has been predominantly in personal care until now, so this acquisition also provides excellent complementarity and diversification into the food market
Laurent Nataf
CEO & President of Azelis Asia Pacific
Established in 2005 and headquartered in Seoul, MH is a reputable local distributor of food ingredients such as gluten, starches, sweeteners, and functional food ingredients. MH is a family business owned by Mr. Maeng Moon-Ho, who will remain in post and support with the integration of MH into Azelis.
Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, commented: “As Azelis already has a solid food presence in other countries in Asia Pacific, this new acquisition will further improve our food footprint in the region. This in turn opens up the opportunity to expand our lateral value chain for food in South Korea and to attract new mandates from Azelis; Asia-Pacific food & health principals. Our presence in South Korea has been predominantly in personal care until now, so this acquisition also provides excellent complementarity and diversification into the food market.”
Azelis entered South Korea in 2018 with the acquisition of SammiChem Co., Ltd., which is now known as Sammi Azelis Co., Ltd. MH will operate as the Food & Health business unit under Sammi Azelis Co., Ltd.
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,500 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 more than 45,000 customers, supported by ~2,200 principal relationships, creating a turnover of €2.22 billion (2020).
Across 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. EcoVadis Platinum rated, Azelis is a leader in sustainability. 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