Ingredients supplier Ulrick & Short acquired by Novax Clean label ingredients firm Ulrick & Short has been acquired by Novax, the investment company of Stockholm, Sweden-based Axel Johnson Group, for an undisclosed sum.
Ulrick & Short will continue to operate as a standalone business with founders Adrian Short and Andrew Ulrick staying on as minority shareholders. The existing management team will remain in place.
Adrian Short, founder, director and shareholder of Ulrick & Short, said:
“From the first meeting with the Novax team it was clear we had found an organisation and group of people that shared our values and beliefs of how a business should be nurtured and developed.
Axel Johnson’s investment company acquires leading UK specialist of clean label ingredients
Ulrick & Short has been acquired by Novax. Pic: Ulrick & Short Novax – part of the Swedish family giant that acquires and develops companies in strategic niche markets – has acquired a majority stake in British ingredients specialist Ulrick & Short.
Novax is the investment company of the Stockholm-based, €8bn Axel Johnson Group. The transaction marks Novax’s continued commitment to engage in a more sustainable Future of Food by investing in the European specialty food ingredients market.
Ulrick & Short specialises in plant-based natural ingredients and is well positioned to meet the long-term demands by consumers who are moving towards healthier and more sustainable alternatives.
Swedish investment company Novax has acquired a majority stake in Ulrick & Short, a UK producer of sustainable and healthier 'clean label' food and food ingredients.
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