BRUSSELS, BELGIUM: Azelis has signed an agreement to acquire the majority shares of Vogler Ingredients Ltda., a renowned specialty distributor of food ingredients in Brazil.
The acquisition represents a strategic expansion of the group’s footprint in the largest economy in Latin America, reinforcing its focus on executing its regional growth strategy.
Vogler Ingredients is one of Brazil’s leading specialty ingredient distributors, active in the food & nutrition and animal nutrition markets. The company operates three full-service application laboratories at its headquarters in São Paulo, and has a regional office in Recife.
With over 130 experienced employees, Vogler serves 2,300 customers, including many of the region’s largest food and animal feed producers. João Viveiros, Vogler’s founder and General Director, will remain and continue to lead the business post-closing.
Vogler’s long-standing relationships with global blue-chip principals, existing product portfolio and market expertise significantly expand Azelis’ lateral value chain in Latin America, and allow the group to accelerate its growth strategy in the region. The transaction is expected to close in the second quarter of 2023, after the fulfilment of customary closing conditions.
Frank Bergonzi, Chief Executive Officer Azelis Americas, comments: “In line with our strategic vision to be the preeminent innovation service provider in the regions where we operate, joining forces with Vogler provides Azelis with a significant foothold in the Brazilian food and nutrition market and the opportunity to expand with our customers and principals.
In addition, Vogler Ingredients is a platform for Azelis in Brazil to provide further growth by leveraging our international infrastructure, and global lab network. We will utilize Vogler as the foundation to add market segments and expand our lateral value chain.”
Eduardo Salinas, Managing Director Azelis LATAM, adds: “I am happy to see that Vogler and Azelis share the commitment to innovation and sustainability and that our business models are very similar: technical sales supported by application labs and exclusive partnerships with blue-chip principals. Vogler’s expertise in the markets it serves, work ethic, enthusiasm, and customer focus fit perfectly with our values.”
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