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By Edward Devlin2021-03-15T11:51:00+00:00 Ulrick & Short will continue to operate as a standalone business following the Novax deal Clean label ingredient specialist Ulrick & Short has been acquired by Swedish investment firm Novax for an undisclosed sum. Based in Yorkshire, Ulrick & Short supplies food manufacturers with a wide range of clean label and plant-based ingredients. It will continue to operate as a standalone business following the Novax deal, with founders Adrian Short and Andrew Ulrick staying on as minority shareholders and the existing management team remaining in place. Short said: “With Novax behind the company and team, we will continue to grow and have the best chance of seeing Ulrick & Short reach its full potential.” ....
Novax acquires majority of Ulrick & Short Novax has acquired a majority stake in UK ingredient supplier Ulrick & Short as part of its drive into the food sector. Announcing the transaction, Novax – the investment arm of Swedish group Axel Johnson – said Ulrick & Short will continue to operate as a standalone business. The company’s founders Adrian Short and Andrew Ulrick will remain minority shareholders and the existing management team will remain in place under the leadership of Short as CEO. “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,” Short commented. ....
Ulrick & Short CEO Adrian Short Swedish investor Novax AB, the investment arm of Axel Johnson, has secured a majority stake in clean label ingredients specialist Ulrick & Short. The transaction will see Ulrick & Short continue to operate as a standalone business, with Adrian Short remaining as CEO and the existing management team also staying in place. Co-founder Andrew Ulrick, meanwhile, will retire from his operations role after 21 years but will continue to support the business and be available to it as a strategic advisor. Ulrick said that as a partner Novax will “provide significant support in the future direction” of the business. ....
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. ....