Oleochem Analytics — Azelis, a speciality chemicals and food ingredients distributor based in Luxembourg, signed an agreement to acquire 100% of the outstanding shares of Vigon International, a US specialty distributor and manufacturer of ingredients for the flavors, fragrances, and cosmetics market segments based in Pennsylvania.
The acquisition of Vigon will provide Azelis access to the growing and non-cyclical markets of flavors and fragrances in the Americas while enhancing Azelis’ position in the life sciences sector, the company said.
“Vigon provides Azelis the impetus for geographic expansion in these markets across North America, as well as a platform for future acquisitions of complementary businesses in the food ingredients segments”, said Frank Bergonzi, Azelis Americas CEO and President.
The transaction, expected to close the second quarter of 2021, is consistent with Azelis’ strategy of complementing organic growth with strategic acquisitions.
