BRAZIL- Azelis, a global multi-industry ingredients company headquartered in Belgium, recently signed an agreement to acquire the majority shares of Vogler Ingredients Ltda, a legendary specialty distributor of food ingredients in Brazil.
The two companies expect the transaction to close in the second quarter of 2023 after fulfilling customary closing conditions.
Azelis already has operations in Colombia, having acquired the majority shareholding of ROCSA Colombia, SA, a renowned specialty chemicals company in food and nutrition, personal care, home care, and industrial chemicals.
The Vogler 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 is Brazil’s leading specialty ingredient distributors, active in the food & nutrition and animal nutrition markets.
With over 130 experienced employees, the company operates three full-service application laboratories at its headquarters in São Paulo and a regional office in Recife, serving over 2,000 food and animal feed producers.
Azelis will benefit from Vogler’s long-standing relationships with global blue-chip principals, existing product portfolio, and market expertise significantly allowing the group to accelerate its growth strategy in the region.
Frank Bergonzi, Chief Executive Officer of Azelis Americas, commented that the acquisition was in line with Azelis’ strategic vision to be the preeminent innovation service provider in its regions of operation.
“In addition, Vogler 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,” Bergonzi added.
Additionally, Eduardo Salinas, Managing Director LATAM, Azelis Americas expressed optimism about the acquisition seeing that Vogler and Azelis share a commitment to innovation and sustainability and that their business models are very similar.
“Vogler’s expertise in the markets it serves, work ethic, enthusiasm, and customer focus fit perfectly with our values,” he commented.
João Viveiros, who will remain the General Director of Vogler and lead the business post-closing, remarked that the company was delighted to become part of Azelis, a move that will allow Vogler to enter new markets and serve existing ones better.
“We look forward to leveraging Azelis’ leadership in sustainability, digitalization, and innovation, and we’re confident that Vogler will thrive as part of the Azelis group,” Viveiros commented.