Global innovation service provider, Azelis, has announced that it has acquired Quimdis – a French distributor of ingredients for nutraceuticals, flavours and fragrances and the food industry.
Quimdis was founded in 1988 by Jean-François Quarré, Michel Manalt and Claire Couratier, originally focusing on essential oils and active ingredients. It now specialises in ingredients distribution and formulation development, with solid positions in the French market and with sales into more than 45 countries. It’s headquartered in Paris and has sales close to €100m.
This acquisition is expected to strengthen Azelis’ offering to fast-growing and attractive markets, whilst also enhancing the position of Azelis France in the life sciences sector.
Azelis plans to develop, structure, and implement a global strategy for the flavour and fragrance market, with the aim of becoming a market leader.
Mr. Benoit Fritz, Managing Director of Azelis France, said: “Azelis will leverage Quimdis’ expertise to complement our lateral value chain with reliable, natural and value-added products like essential oils and active ingredients. We will further benefit from their strong presence across EMEA, expertise and product portfolio in attractive target market segments and geographies.”