Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Lidorr Elements (‘Lidorr’), one of Israel's leading specialty chemical distributors in crop-protection, industrial materials, and care & nutrition, said the company.
The acquisition expands Azelis’ footprint in Israel, further building on its growing network in the region following the acquisition of Orokia in 2020. Lidorr’s wide portfolio of hundreds of products significantly strengthens Azelis’ lateral value chain in the Agricultural & Environmental Solutions as well as in Advanced Materials & Additives market segments.
Lidorr was founded in 1970 by Zvi Lidorr and is managed to this day by his son and daughter, Ami Lidor and Vered Lidor-Mary. Headquartered in the Ramat Hasharon, a suburb of Tel Aviv, the company also has a logistics and laboratory facility in Beit Shemesh in the south of the country. With this acquisition, Azelis significantly strengthens its presence and expertise with a team of 90 employees, including 35 technical sales experts, serving over 400 customers in Israel, among which are Israel's top manufacturers and retailers.
We remind, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announced a new distribution agreement with Sun Chemical, a global leader in inks, coatings, pigments, and advanced materials. Effective from January 1st, 2023, this new mandate allows Azelis to strengthen its portfolio of pigment products in the coatings, adhesives, sealants, elastomers (CASE) and advanced materials & additives (AM&A) markets in France and Benelux. The agreement includes the pigment portfolio that Sun Chemical acquired from BASF in 2021.
mrchub.com