Azelis has signed an agreement to acquire 100% of Haarla Oy, enhancing its presence in the Nordic specialty chemicals and food ingredients market.

Information on the Target

Azelis, a prominent innovation service provider in the specialty chemicals and food ingredients sector, has recently entered into an agreement to acquire 100% of Haarla Oy, a Finnish specialty distributor specializing in food ingredients and industrial chemicals. Haarla Oy has established itself as a significant player in the Finnish market, boasting a diverse product portfolio that strengthens Azelis' lateral value chain. This acquisition will enhance Azelis’ presence in the Life Sciences and Industrial Chemicals sectors within the Nordic region.

Founded in 1962 by the Haarla family and headquartered in Tampere, Finland, Haarla Oy employs a dedicated team of 31 professionals, including experienced sales and technical personnel. Haarla's operations support a diversified client base of over 300 customers and foster long-term business relationships with prominent principals. The transaction is anticipated to close by the end of 2024, pending the fulfillment of standard closing conditions.

Industry Overview in Finland

The specialty chemicals and food ingredients industry in Finland is characterized by a strong emphasis on innovation and sustainability. Finnish companies are increasingly focusing on developing environmentally friendly and safe