Azelis Acquires Gillco Ingredients
Azelis, a leading food ingredients company, announces that it has signed an agreement to acquire Gillco Ingredients, a leading specialty ingredient provider in the food & nutrition market in the USA.
The acquisition represents a strategic expansion into the food & nutrition market in the US. Founded in 1982, Gillco has developed long-standing relationships with global blue-chip suppliers, a diverse portfolio of specialty ingredients and applications, and strong market expertise across most segments of the food industry, including bakery, culinary, beverage, dairy and nutraceutical markets. The company has 40 highly skilled and experienced employees serving almost 1,000 customers from its headquarters in San Marcos, California. All of Gillco’s staff are expected to transition to Azelis, including the owner, Bill Gillies, who will remain with the company to ensure a seamless transition.
“In line with our strategic vision to be the preeminent innovation service provider in all territories where we operate, we are happy to welcome Gillco to the Azelis family,” said Dr. Hans Joachim Müller, Azelis Chief Executive Officer. “This acquisition strengthens our lateral value chain for the food and nutrition market, as well as the broader life sciences segment in the US, and allows us to offer a truly compelling proposition to both principals and customers.”
The transaction is expected to close in the second quarter of 2023, after the fulfilment of customary closing conditions.