Friday, September 22, 2023

Novax acquires majority share in Louis François SAS

Investor, Novax has completed the acquisition of Louis François SAS, the French developer of specialty functional ingredients for culinary artisans and food producers.

Founded in 1908, family-owned Louis François has a century-long history of developing and providing premium ingredients and solutions to its customer base of gastronomic clients and premium chefs worldwide.

Pär Warnström, Head of Future of Food at Novax, said: “We are both proud and excited to partner up with Jean-Claude and the team at Louis François in this next chapter of their journey.

“Louis François illustrates the traits of a true market leader – a fundamentally strong and competitive niche position, an unparalleled brand recognition well-known for quality and service, and a strong and experienced management team.

“As a family-owned firm ourselves, we take pride in our unique position to honor family business values and look forward to working together with Jean-Claude and the team on growing Louis François further.”

In partnering with Novax, Louis François will join the newly formed Ingå Group – a Novax long-term initiative centered around healthy and sustainable ingredient solutions for the food industry, joining alongside the UK & Netherlands-based functional ingredients developer and supplier Ulrick & Short.

Jean-Claude François, Louis François’ owner and third generation of the François family, said: “We have found a long-term partner sharing our values, vision and view on growing our business further.

“This alliance will preserve Louis François’ DNA and the history of our brand, while supporting the company in the next phase of its journey. We are committed to ensure a smooth transition for all of our employees and stakeholders at large and look forward to partnering with Ulrick & Short in the Ingå Group.”

CEO of Ingå Group, Adrian Short, said: “We have made significant investments expanding our capabilities within product development, sales and marketing, paving the way for long-term growth. I am confident that Louis François will benefit from similar long-term support as part of the Ingå family.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.
















Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close