Eight Advisory supported Azelis in its acquisition of BLH
Eight Advisory supported Azelis, a leading innovation service provider in the speciality chemicals and food ingredients industry, in the strategic acquisition of BLH SAS (“BLH”), an expert in the distribution of high-end aromatic raw ingredients in France.
This operation marks a significant turning point for Azelis, which is strengthening its international presence following the recent acquisitions of Quimdis (France), Vignon (Latin America) and Ashapura (India). Azelis’ project also aims to capitalise on BHL’s attractive portfolio in order to complete its current range of natural ingredients.
Founded in 1983, the family-owned company BHL has long-standing relationships with leading global suppliers and a broad portfolio of speciality ingredients, which, under the leadershio of Philippe Bécôt, has led to strong expertise in the fine fragance market.
The company, currently managed by Nicolas Bécot, employs 42 experienced and highly qualified professionals and operates a laboratory in the Grasse region (south-east of France), serving over 400 customers, including leading companies in the perfume market.
“We are delighted to have been able to support Azelis in this strategic acquisition of BLH, which will from now occupy a privileged place in the flavour and fragance industry. This operation marks a new phase for the group both in France and internationally, particularly in the EMEA region,” said Nabil Saci, Partner at Eight Advisory.
Eight Advisory team members supporting on this transaction:
- Financial Due diligence : Nabil Saci, Partner, and Clémence Thiolon, Manager
