Azelis signed an agreement to acquire Orkila
Azelis, a leading distributor of specialty chemicals and food ingredients, is delighted to announce it has signed an agreement to acquire Orkila, the top specialty chemicals and food ingredients distributor throughout Africa and the Middle East. Headquartered in Beirut, Lebanon, the Orkila group runs offices in 13 countries and is active in more than 30 countries in the region.
They represent a large number of renowned world-class specialty chemicals and food ingredients manufacturers who have a strong strategic fit with Azelis’ principal base. Orkila serves several thousand customers across Africa and the Middle East, ranging from major multinationals to smaller local producers, all seeking specialty products that bring added value to their brand, and a reliable partner to achieve success in this vibrant and growing marketplace.
Highlights & rationale
- Africa has been experiencing economic acceleration, growing middle class and improved business environment, thus providing Azelis and its principals with the opportunity to accelerate their growth in the region.
- The specialty chemicals distribution market in Africa and the Middle East is one of the fastest growing in the world while the blue chip raw material producers are looking for a sizeable distributor in the region.
- The acquisition creates a unique combination of Azelis’ innovation & formulation potential, its EcoVadis Gold status and international reach on one side and the strong local presence, regional expertise and excellent reputation of Orkila on the other.
- Transaction is expected to complete in the next four months.
Through this transaction Azelis intends to acquire 100% of Orkila, with over 220 employees joining the Azelis team. Like Azelis, the company is very focused on promoting specialty service offerings and and has an application lab in Egypt that serves both food and personal care customers. Orkila also offers accredited laboratory testing coupled with the ability to develop and introduce innovative products, create and enhance formulations and assist the clients’ pursuit of growth and improved performance.
The acquisition of Orkila illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.
