Azelis Expands Italian Presence with ACEF Acquisition

Azelis, a Belgium-based provider of innovation services within the specialty chemicals and food ingredients sector, recently completed the acquisition of the Italian company Azienda Chimica e Farmaceutica (ACEF) and its subsidiary Arda Natura. The procurement of the shares, previously held by A.G.A., was facilitated by Banca Investis' Capital Markets & Corporate Advisory team. This acquisition enhances Azelis' presence in Italy and solidifies its position as a market leader. Founded in 1940, ACEF prospers in distributing raw materials and specialized ingredients for the cosmetic, nutraceutical, galenic, and pharmaceutical industries. It boasts over 70 employees and cultivates an extensive network of suppliers serving more than 4,000 clients. The seamless integration of ACEF's comprehensive portfolio into Azelis' value chain strengthens the company’s grip within its target markets. Commentaries from both ACEF and Azelis executives underscore their excitement about combining talents and expanding capabilities to deliver superior solutions to clients.