TAGS: Perfumes & Fragrances
Azelis has signed an agreement to acquire 100 percent of the outstanding shares of Vigon International, Inc. (“Vigon”), one of the leading US specialty distributors and manufacturers of ingredients for the flavors, fragrances, and cosmetics market segments.
Enhances Position in Life Sciences
Vigon offers a comprehensive product portfolio to its customers, including flavors, natural and synthetic aroma chemicals, actives, functional ingredients, and essential oils. The acquisition of Vigon will provide Azelis access to these strategic end markets and enhances Azelis’ position in the life sciences sector.
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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,” said Dr. Hans Joachim Müller, Azelis chief executive officer.
Acquisition to Provide Innovative Solutions
Both companies have a strong focus on sustainability, digitalization and providing innovative solutions. Throughout its history, Vigon has been committed to health and safety, the welfare of its employees and the environment, and energy conservation. Azelis has had two consecutive EcoVadis Gold ratings and has just released its new sustainability strategy, ‘Action 2025’, that outlines the company’s commitments to sustainability until 2025.
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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. We share similar strategies and culture and I am confident that Vigon will continue to thrive under its new ownership,” commented Steve Somers Sr., president at Vigon.
The acquisition of Vigon illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.
Source: Azelis