Belgian personal care ingredient supplier Azelis has acquired 100% of the shareholding in Italian distributor ACEF (Azienda Chimica e Farmaceutica) for an undisclosed sum.
Founded in 1940 in Piacenza, ACEF supplies speciality raw materials and ingredients for the cosmetic, nutraceutical, galenic and pharma industries.
ACEF operates three laboratories for technical support and quality control, as well as GMP-compliant facilities for pharmaceutical ingredients.
Its subsidiary, Arda Natura, specialises in plant extracts and other natural products.
ACEF is well recognised in the local market for the breadth of its product and service offering tailored to the needs of over 4,000 customers in the cosmetics, pharmaceuticals, galenic products and nutraceutical markets.
The company is comprised of sales and technical experts, including more than 70 employees. It has long-standing relationships with a large network of well-known suppliers, and its broad portfolio strategically complements Azelis’s lateral value chain for the relevant end markets.
With this acquisition, Azelis significantly expands its footprint in Italy and strengthens its position as industry leader in the relevant end markets.
Marco Gerosa, Managing Director of Azelis Italy, said: “The addition of their portfolio and technical capabilities reinforces our footprint in the personal care and galenic markets and expands our pharmaceutical and nutraceutical offerings.
“This acquisition is another demonstration of our commitment to our purpose of enabling our customers to win and our principals to grow.”
