Azelis said that it has acquired Georges Walther AG, an independent family run company based in Switzerland. The transaction will be closed in the course of the next months.
With the majority of revenue coming from high-quality cosmetic ingredients, essential oils and fragrances, Georges Walther has developed an expertise in spheres, beads and soft pearls. In addition, the portfolio also includes pharma ingredients, food supplements and food ingredients.
The acquisition endorses the commitment of Azelis’ major shareholders — Funds advised by Apax Partners — to support business growth in the speciality food ingredients and chemical segment. Georges Walther AG employs nine people and is based in Pfaffikon (SZ), with a warehouse in Rumlang.
Jean-Michel Walther, currently CEO & sales at Georges Walther, will become business manager for personal care in Switzerland. His key responsibilities will be to further develop the personal care market in Switzerland, reporting to Urs Haller, managing director Azelis Switzerland.