Eigenmann & Veronelli invests in Cornelius

Eigenmann & Veronelli Group, a leading specialty chemicals and food ingredients distributor and manufacturer, and Cornelius Group, an international manufacturer and distributor of specialty additives and ingredients to the life sciences and performance chemicals markets, announced that they have reached binding agreements for the acquisition by Eigenmann & Veronelli Group of a minority stake in Cornelius. Under the terms of the transaction, the first will increase its stake in the second through additional equity acquisitions of Cornelius shares over the next two to three years. Founded in 1935 by Ernst Gustav Cornelius in London, Cornelius has a long history as a privately held European chemical manufacturer and distributor and boasts an international reputation for its capabilities and technical expertise. Over the years, Cornelius has become the partner of choice for many international and local manufacturers in a variety of industries. Currently, Cornelius employs around 100 people and, in the financial year to 31 January 2024, generated a turnover of 42 million pounds.

This partnership between Eigenmann & Veronelli Group and Cornelius Group will strengthen both businesses, leveraging their shared technical expertise and complementary strengths. For Eigenmann & Veronelli Group, Cornelius Group provides an established route to market in the United Kingdom and Poland, while Cornelius Group gains access to a broader range of products across manufacturing and distribution. The combined business will integrate Eigenmann & Veronelli Group brand lines with Cornelius Group offerings, creating a stronger portfolio of commercialised solutions across Life Sciences, Industrial, Medical, and Nutrition markets. With enhanced assets, expanded commercial infrastructure, and deep financial resources, the business is well-positioned to unlock new market opportunities.

“This partnership reinforces Cornelius’ position and provides the stability needed to execute our vision for the future. I have long admired EV’s entrepreneurial spirit and solid expertise in the chemical distribution sector, and I am delighted they so clearly support our long-term ambitions”, Phillip Gibbons, CEO of Cornelius Group, said. “We are delighted to invest in Cornelius Group to reinforce their position and support the growth of Eigenmann & Veronelli Grroup. Cornelius perfectly fits in with our strategy; it significantly enhances our capabilities and enriches our product portfolio. It further enhances our international presence”, Gabriele Bonomi, CEO of Eigenmann & Veeronelli Group, added.

Cornelius Group will continue to focus on its core activities of providing innovative and sustainable solutions in the fields of Performance Chemicals, Life Sciences and the Ocular industry. The management of the company will continue to lead the company to post-completion of this transaction.