Axel Johnson’s investment company, Novax, continues to strengthen its position in the future food industry with the acquisition of MSK Ingredients, a UK-based niche leader in specialty ingredients for professional chefs, patissiers, and small-scale food producers. This acquisition further develops Ingå Group, which already includes UK-based Ulrick & Short and French company Louis François. The goal is to establish a leading European group of ingredient innovators focused on sustainability and innovation.
MSK Ingredients is renowned for offering high-quality ingredients that enhance texture, flavor, and presentation in restaurants, bakeries, and small-scale food production. This acquisition bolsters Ingå Group’s ability to deliver solutions that elevate culinary experiences while supporting more sustainable and healthier food production practices.
Pär Warnström, Head of Future of Food at Novax:
“With the acquisition of MSK, we take the next step in building a leading European ingredient group designed for the future food industry. Ingredient innovators have significant influence over both product development and manufacturing for food producers, making them a key driver in the shift toward sustainable and healthy food. This requires ingredients that are sustainably produced and of the highest quality in terms of taste and functionality. We look forward to continuing to grow and develop a significant player in European food manufacturing through rapid innovation and an active acquisition strategy.”
Specialty Ingredients: A Growing and Dynamic Market
The specialty ingredient market is a multi-billion industry but remains relatively fragmented, particularly in Europe. The sector is populated by many family-owned and entrepreneur-driven companies with significant growth potential through strategic partnerships and innovation.
In the niche for functional ingredients, the focus is on helping food manufacturers address complex challenges in product development and production. These include reducing the use of artificial additives, increasing the adoption of plant-based alternatives, and minimizing food waste.
Ingå Group’s vision is to become the go-to partner for food manufacturers seeking sustainable and healthy ingredient solutions. By continuing to prioritize innovation and sustainability, Novax strengthens its role in the transition toward a more sustainable food supply chain.
