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.