Financial details of the transaction were not disclosed.

“There is an outstanding compatibility between our two companies and we are very excited about the enhanced opportunity to expand the business under Azelis’ ownership by leveraging combined global principal relationships. Azelis’ strong track record in sustainability, especially their EcoVadis Platinum rating, as well as the technological capabilities, are of particularly great value to our joint food and health customer base,” said Peter Suppan, Neupert’s founder and managing director.

Headquartered in Vienna, Neupert specializes in products such as proteins, hydrocolloids, agar and sugar substitutes. The company was founded by Suppan and Norbert Resch, both of whom will continue to lead the business.

In late October, Azelis also agreed to acquire 90% of the shares in South Africa’s Umongo, a leading distributor of lubricants and metal working fluids. The transaction is expected to close by the end of this year. Umongo has its head office in Durban and employs 35 people. It also has an application laboratory. CEO Boston Moonsamy will remain with the company and continue to lead the business.

Author: Elaine Burridge, Freelance Journalist