MOSOCW (MRC) -- Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire the specialty lubricant (L&MWF1 ) distribution assets of Ak-tas in Turkey, said the company.
The transaction includes the oil additive business of Ak-tas as well as the base oil distribution business of Whitechem, a subsidiary of Ak-tas. Ak-tas and WhiteChem partner with blue-chip principals and have long-standing relationships with customers in Turkey and the surrounding region.
The acquisition further strengthens Azelis’ lateral value chain (LVC) in the L&MWF market segment, following the acquisition of Umongo in South-Africa earlier this year. It is a further reflection of Azelis’ commitment to sustainability, expanding key relationships with principals with a strong agenda in renewable and sustainable base oils. With an application laboratory dedicated to L&MWF, Azelis’ technical specialists aim to consistently drive innovation and sustainability within the segment, as well as the wider market. The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.
As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire a majority stake in Ashapura Aromas Private Limited (“Ashapura”), a leading distributor of ingredients in the flavors & fragrances (“F&F”) market in India.
As per MRC, Azelis announces that it has reached an agreement to acquire Chemo India and Unipharm Laboratories’ distribution assets. Both companies are renowned local distributors of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers), L&MWF (lubricants & metalworking fluids) and pharmaceutical market segments in India.