Eigenmann & Veronelli Group (EV Group), a leading distributor and manufacturer of specialty chemicals and food ingredients, has announced a strategic investment in Cornelius Group (Cornelius). Cornelius, an international manufacturer and distributor of specialty additives and ingredients, serves the life sciences and performance chemicals markets. This investment marks a significant milestone for both companies, with EV acquiring a minority stake in Cornelius through binding agreements.
A Strategic Alignment
“We are delighted to invest in Cornelius Group to reinforce their position and support the growth of EV. Cornelius perfectly fits in with our strategy; it significantly enhances our capabilities and enriches our product portfolio. It further enhances our international presence,” stated Gabriele Bonomi, CEO of EV Group.
The agreement includes provisions for EV to gradually increase its stake in Cornelius over the next two to three years, strengthening their partnership and paving the way for expanded market opportunities.
Cornelius: A Legacy of Excellence
Founded in 1935 by Dr. Ernst Gustav Cornelius in London, Cornelius has established itself as a trusted name in the European chemical manufacturing and distribution industry. Known for its technical expertise and innovative capabilities, Cornelius has become a preferred partner for international and local manufacturers across diverse industries.
With a workforce of approximately 100 employees, Cornelius achieved a turnover of £42 million in the financial year ending January 31, 2024. The company operates in the UK and Poland, providing innovative and sustainable solutions in performance chemicals, life sciences, and the ocular industry.
A Partnership for Growth
This collaboration between EV Group and Cornelius Group is expected to unlock significant value for both organizations. By leveraging their shared technical expertise and complementary strengths, the partnership aims to drive growth, enhance product offerings, and expand market reach.
For EV Group, Cornelius offers a well-established route to key markets in the UK and Poland. In turn, Cornelius gains access to EV’s broad portfolio of specialty chemicals and food ingredients, as well as its extensive global distribution network. This synergy creates opportunities for both companies to innovate and provide tailored solutions for their customers.
Expanding Capabilities
The combined business will integrate EV Group’s brand lines with Cornelius’ product offerings, resulting in a stronger portfolio of solutions across key markets such as Life Sciences, Industrial, Medical, and Nutrition. Enhanced commercial infrastructure, expanded assets, and robust financial resources will position the partnership to capture emerging market opportunities and address evolving customer needs.
Leadership and Vision
Phillip Gibbons, CEO of Cornelius, expressed enthusiasm for the partnership: “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.”
The management team at Cornelius will continue to lead the company post-transaction, ensuring a seamless transition and maintaining focus on its core activities of delivering innovative and sustainable solutions.
About EV Group
Founded in 1910, Eigenmann & Veronelli Group is a global solutions provider of specialty chemicals and food ingredients. Headquartered in Rho, Italy, EV has a direct presence in Italy, Iberia, Turkey, and the UAE, with a commercial reach spanning over 40 countries. In 2024, EV reported a consolidated turnover of €347 million, supported by more than 350 employees.
EV is recognized for its effectiveness and efficiency, combining local market knowledge with chemical innovations. The company offers a high-quality, diversified portfolio of specialty chemicals and food ingredients, along with tailored application, marketing, supply chain solutions, technical support, and regulatory expertise.
About Cornelius Group
Cornelius Group is a leading provider of specialty additives and ingredients, catering to the life sciences and performance chemicals markets. With a legacy dating back to 1935, Cornelius is known for its technical excellence and innovative solutions. Operating in the UK and Poland, the company serves a broad range of industries with sustainable and high-performance products.
This strategic partnership between EV Group and Cornelius Group is set to reshape the specialty chemicals and ingredients market, creating new opportunities for growth and innovation while maintaining a commitment to quality and sustainability.
