With the acquisition of Chemical Partners, Azelis strengthens its market leadership in Africa and the Middle East.
Azelis, global provider of innovation services in the specialty chemicals and food ingredients sector, announced that it has
reached an agreement to acquire 100% of the shares of Chemical Partners
and Chempart Polymers entities in Lebanon and Belgium.
The acquisition of Chemical Partners is strategic as it allows Azelis to strengthen the lateral value chain (LVC) in industrial chemistry, providing the group with a solid portfolio of products and skills. In addition, the acquisition provides Azelis with new opportunities to grow and expand its geographical presence in more than 30 countries in the Middle East and Africa, including the Levant and Sub-Saharan Africa.
Founded in 1995, Chemical Partners has grown to become a leading distributor of specialty chemicals in Africa and the Middle East. It provides technical advice to its clients and shares the same commitment to innovation and sustainability as Azelis.
As part of the transaction, Chemical Partners' core management team will continue to lead the business and support the integration into Azelis. The transaction is expected to close in the third quarter of 2022.
“We very much look forward to welcoming Chemical Partners to the Azelis family. This acquisition is an important milestone in our strategy to reinforce our market leadership in the region. Chemical Partners is a very strong fit to our product portfolio and geographical footprint, significantly strengthening our LVC and positioning us to service more customers and grow with our principals. I look forward to seeing our teams join forces and everything that they will accomplish together”, says Dr. Hans-Joachim Müller, Azelis Chief Executive Officer.
“We are thrilled to welcome Chemical Partners into Azelis. Their exemplary expertise, diverse customer base and strong relationships complement the organic growth of Azelis. I have no doubt that Chemical Partners will thrive even more within our team, in close collaboration with Chris Sacy, who leads our operations in Africa and the Middle East, and who himself joined the Azelis family via the acquisition of Orkila in 2020”, adds Anna Bertona, CEO & President Azelis EMEA.