FNB News – Azelis diversifies presence in South Korea through acquisition of leading food distributor MH

Azelis, a number one international innovation service supplier within the specialty chemical and meals elements trade, has unveiled the acquisition of MH in South Korea, a good native distributor within the meals elements market. The corporate’s already sturdy presence within the private care market shall be complemented by MH’s foothold in these new market segments.  Highlights & rationale
•    This transaction enhances the corporate’s lateral worth chain by diversifying and increasing its presence in South Korea
•    The model offers a foothold within the meals and well being section
•    The corporate prospects will profit from the model’s relationships with famend international ingredient suppliers
•    The transaction is according to the corporate’s technique of complementing natural development with strategic acquisitions  Established in 2005 and headquartered in Seoul, the model is a good native distributor of meals elements corresponding to gluten, starches, sweeteners, and purposeful meals elements. MH is a household enterprise owned by Maeng Moon-Ho, who will stay in submit and help with the mixing.With this acquisition, the corporate is broadening its providing within the extremely engaging and increasing modern meals market of South Korea, with its 51m inhabitants and a excessive GDP per capita.Maeng Moon-Ho, founder and managing director of MH, mentioned, “We’re very grateful for the presence we had been capable of construct within the South Korean meals market and excited concerning the alternative to proceed to increase our enterprise underneath Azelis’ possession by leveraging its international principal relationships. Turning into a part of the Azelis household will safe our future in South Korea, supported by Azelis platforms in areas corresponding to digital, sustainability and regulatory.”Laurent Nataf, CEO and president of Azelis Asia Pacific, mentioned, “As Azelis already has a stable meals presence in different international locations in Asia Pacific, this new acquisition will additional enhance our meals footprint within the area. This in flip opens up the chance to increase our lateral worth chain for meals in South Korea and to draw new mandates from Azelis’ Asia-Pacific meals & well being principals. Our presence in South Korea has been predominantly in private care till now, so this acquisition additionally offers wonderful complementarity and diversification into the meals market.”

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