Azelis has signed an agreement to acquire 100 % of the shares of Gillco Ingredients, a specialty ingredient provider in the food and nutrition market in the US.
The acquisition represents a strategic expansion into the US’s attractive food and nutrition market, reinforcing Azelis’ footprint in the life sciences. In addition to the group’s flavors and fragrances offering, Gillco allows Azelis to create a compelling portfolio and execute its growth strategy in the US food and nutrition industry and the broader life sciences in North America.
Founded in 1982, Gillco has developed long-standing relationships with global blue-chip suppliers, a diverse portfolio of specialty ingredients and applications and strong market expertise across most food industry segments, including bakery and nutraceutical markets. The company has 40 employees serving almost 1,000 customers from its San Marcos/California headquarters.
Dr Hans Joachim Müller, Azelis’ CEO, says the acquisition strengthens its lateral value chain for the US food and nutrition market and broader life sciences segment. “It allows us to offer a compelling proposition to principals and customers. In line with our strategic vision to be the preeminent innovation service provider in all territories where we operate, we welcome Gillco to the Azelis family.”
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