January 9 2025, David R Brown

Eigenmann & Veronelli (EV) Group, a leading specialty chemicals and food ingredients distributor and manufacturer, and Cornelius Group, an international manufacturer and distributor of specialty additives and ingredients to the life sciences and performance chemicals markets, have reached binding agreements for the acquisition by EV of a minority stake in Cornelius.

Cornelius perfectly fits in with our strategy; it significantly enhances our capabilities and enriches our product portfolio and further enhances our international presence

Gabriele Bonomi
CEO of EV Group

Founded in 1935 by Dr Ernst Gustav Cornelius in London, Cornelius has a long history as a privately held European chemical manufacturer and distributor. Currently, Cornelius employs around 100 people and, in the financial year to 31 January 2024, generated a turnover of £42 million.

The partnership between EV Group and Cornelius Group will strengthen both businesses, leveraging their shared technical expertise and complementary strengths. For EV Group, Cornelius provides an established route to market in the UK and Poland, while Cornelius gains access to a broader range of products across manufacturing and distribution. The combined business will integrate EV Group's brand lines with Cornelius' offerings, creating a stronger portfolio of commercialised solutions across Life Sciences, Industrial, Medical, and Nutrition markets.

Phillip Gibbons, CEO of Cornelius, said: “This partnership reinforces Cornelius' position and provides the stability needed to execute our vision for the future. I have long admired EV's entrepreneurial spirit and solid expertise in the chemical distribution sector, and I am delighted they so clearly support our long-term ambitions.”

Gabriele Bonomi, CEO of EV Group, commented: “We are delighted to invest in Cornelius Group to reinforce their position and support the growth of EV. Cornelius perfectly fits in with our strategy; it significantly enhances our capabilities and enriches our product portfolio. It further enhances our international presence.”

Under the terms of the transaction, the EV Group will increase its stake in Cornelius through additional equity acquisitions of Cornelius shares over the next two to three years.

About Eigenmann & Veronelli
Founded in 1910, Eigenmann & Veronelli is an international solutions provider of specialty chemicals and food ingredients. Headquartered in Rho (MI), Italy, EV has a direct presence in Italy, Iberia, Turkey and U.A.E. and a commercial reach in more than 40 countries. In 2024, EV generated a consolidated turnover of EUR 347 million with more than 350 employees. With over a century of experience, EV is synonymous with effectiveness and efficiency, combining local market knowledge with international chemical innovations, and offering a high-quality and diversified portfolio of specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, and comprehensive regulatory know-how for a wide range of industries.

Source(s): E&V Group Press Release

Further Information

Visit: https://www.eigver.com