Azelis acquires Solchem Nature boosting its nutraceutical offering
The acquisition strengthens Azelis’s presence in Spain and enhances its nutraceutical offerings across Europe.
SPAIN – Azelis, a global distributor of specialty chemicals and food ingredients, has acquired Solchem Nature S.L. (‘Solchem’), reinforcing its presence in the Spanish nutraceuticals market.
This underscores Azelis’s strategy of focusing on targeted businesses that will grow its market share in Spain and add expertise to its EMEA-wide nutraceutical platform.
European customers will access a broad portfolio of innovative and sustainable nutraceutical solutions, leveraging the combined expertise of Azelis and Solchem’s experienced teams.
Javier Pérez, Managing Director at Azelis Iberia, said, “We are excited to welcome Solchem to the Azelis team. Our combined capabilities significantly strengthen Azelis’s position in the desirable nutraceutical market.
With shared values and the same entrepreneurial and collaborative spirit, I’m convinced we will successfully continue to unlock the nutraceutical market’s untapped potential together.”
Additionally, principals will benefit from a broader distribution of their products, thanks to Solchem’s extensive reach of over 250 customers in the nutraceutical market.
Solchem was founded in 1994 to distribute raw materials for the dietary sector. The company later expanded its portfolio to include a wide range of premium ingredients and formulations for the nutraceutical market.
Jose Manuel González, general manager at Solchem Nature, comments, “Joining forces with Azelis is not only an exciting growth opportunity for Solchem, but also a natural fit. We share a strong innovation-driven culture, rooted in a commitment to excellence towards our principals and customers.
“We look forward to continuing our journey with Azelis to deliver the best solutions to our partners in the nutraceutical market.”
FY 2025
Recently, Azelis reported a Gross profit of EUR 1.0 billion (US$1.10 billion), representing year-on-year growth of 4.8% compared to the prior year in the financial year 2024
Revenue reached EUR 4.0 billion (US$4.39 billion) in 2024, representing a 1.5% year-over-year increase (2.6% on a constant currency basis).
The reported net profit was stable at EUR 189.5 million (US$207.79 million)and includes EUR 26 million (US$28.51 million)of non-cash financial charges related to the impact of hyperinflation accounting and the accounting impact of the recent debt refinancing.
The adjusted EBITA of EUR 470.7 million (US$516.14 million)represents a 0.9% increase compared to the prior year, with the Adjusted EBITA margin stable at 11.2%. The conversion margin was 45.7% compared to 47.4% for the previous year.
Anna Bertona, Group CEO, said, “I’m pleased to share our 2024 results, which underscore the resilience of our business model and our strong position for a return to growth. We remain committed to our vision of becoming the industry reference in innovation, sustainability and digital.”
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