Specialty chemical distributor Safic-Alcan has announced two acquisitions: a majority stake in Castelli Food S.p.A (CF), an Italian ingredient distributor specializing in the food and beverage sector, and 100% of Italian chemical distributor Luigi and Felice Castelli S.p.A. (LFC).
Castelli Food S.p.A
CF supplies yeast extracts, vegetable preparations, different types of fibers, spices and herbs, milk derivatives, vegetal extracts, special blends and organic products, among other offerings. The company, established in 2015, is headquartered in Milan.
“The acquisition of Castelli Food is a stepping stone for our food activities and widens our group expertise in the field,” said Yann Lissillour, director of mergers and acquisitions, Safic-Alcan.
“As part of our overall life science strategy, we see the acquisition as an important consolidation of our activities in the Italian market and we look forward to further building on this additional expertise within Safic-Alcan,” said Safic-Alcan CEO Philippe Combette
Luigi and Felice Castelli S.p.A.
Established in 1868 and also headquartered in Milan, LFC focuses on ingredients for cosmetics.
“The acquisition of Luigi and Felice Castelli is a major step forward for our ambitious life science plans in EMEA,” said Lissillour.
Added Combette: “Luigi and Felice Castelli is an excellent fit to our activities in Italy, together with our existing local structure headed by Pietro Affer, we will become a formidable force in the country.”