Ulrick & Short, the clean label ingredients specialist, has been acquired by Novax, the investment arm of Swedish group Axel Johnson.
Together, the companies endeavour to become “a leader in the speciality food ingredients space”.
Ulrick & Short specialise in high value-added, clean label, plant-based, functional ingredients, working with food manufacturers across Europe to develop transparent & healthier products.
The new partnership lays down a statement of intent to achieve long-term, sustainable growth in new and existing sectors & markets.
With Ulrick & Short already a respected & established organisation in the clean-label ingredients sector, it is well-positioned to lead the charge of NPD to capture the shift towards healthier & more sustainable foods.
The agreement will see Ulrick & Short continue to operate autonomously, with Adrian Short remaining as CEO.
After 21 years, co-founder of Ulrick & Short, Andrew Ulrick, will retire from his operational role and continue to support and be available to the business as a strategic advisor. He said of the new partnership
“I believe that in Novax we have found a partner with a compatible culture who will provide significant support in the future direction of Ulrick & Short,” he said.