Azelis Group
Belgium food ingredient distributor
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History
Azelis Group was established by the merger of Novorchem (Italy), and Arnaud (France) in 2001.[4] In 2004, Azelis acquired Benelux companies: Sibeco Group and Sepulchre.[5][6] In 2005, Azelis acquired a chemical distributor Brøste from Denmark.[7] In December 2006, 3i global finance house bought the Azelis Group from Cognetas (now Motion Equity Partners) for over €300 million.[8][9]
As of 2011, the company had 36 companies under its brand name.[10] In 2021, Azelis Group was listed on Euronext Brussels through an IPO, having raised €1.77 billion with a market capitalization of €6.08 billion. Bloomberg noted that it was the biggest Belgian IPO since 2007.[11][12]
In 2022, Azelis Group made 12 acquisitions and exceeded $4 billion in turnover.[13][14]