Ingå Group focuses on long-term and sustainable partnerships with Louis François SAS acquisition
Adrian Short - CEO Ingå Group; Pär Warnström - Director at Ingå Group & Head of Future of Food at Novax.
Novax has strengthened its commitment to a sustainable food system and points to key role of specialty ingredients in driving positive change in the food value chain after completing the acquisition of Louis François SAS, the French developer of specialty functional ingredients for culinary artisans and food producers.
Pär Warnström, head of future of food at Novax said the partnership means it enters the next chapter of its 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, Warnström said. “As a family-owned firm ourselves, we take pride in our unique position to honour family business values and look forward to working together with Jean-Claude and the team on growing Louis François further.”
Warnström added that the launch of Ingå Group marks its long-term engagement in the ingredients space, “forming a scalable platform for our commitment to positive impact on the food value chain”.
He continued: “We remain determined to take an active part in driving the industry forward with innovation, health and sustainability in focus by developing novel ingredient solutions.”
Ingå Group currently consists of the UK & Netherlands based functional ingredients developer & supplier, Ulrick & Short, and Louis François. The ambition of Ingå Group is to be the first-choice supplier of food ingredient solutions for customers ranging from fine dining chefs to industrial scale food manufacturers across Europe, North America and beyond. The group will be led by Adrian Short, co-founder of Ulrick & Short, assuming the role as CEO of Ingå Group.
Ingå Group said it will grow through investing in and partnering with innovative, sustainable, specialist and market leading businesses within the ingredients sphere; creating a network of autonomous companies and fostering an ecosystem of support to offer opportunities to improve and develop their collective understanding and solutions.
The group added that the partnership differentiates from other investment groups in being a strategic partner, working with businesses for long-term growth, allowing partner companies to operate independently and collaboratively.
CEO of Ingå Group and co-founder of Ulrick & Short, Adrian Short said: “We’re delighted to formally launch Ingå Group and are excited to continue our investment in & partnering with businesses that have a long-term & sustainable future, going into sectors which will represent the future of food manufacturing & development.”
Short added: “We approach our investments with absolutely no exit strategy. Our sole focus is long-term development, respecting the already fantastic companies & brands and supporting them where we can add value.”