Private Equity owned Distribution Group expands Market Coverage in Italy with Add-on Acquisition
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire 100% of the shares of Came Chemical Mineral and Engineering S.r.l. [“CAME”] (Origgio (VA), Italy). The company is specialized in the distribution of chemicals for “friction & sintering applications”, CASE (Coatings, Adhesives, Sealants & Elastomeres), and Cosmetics.
CAME’s employees will all join Azelis, including two of the owners, Verena Cepparulo and Gianni Minetto. The transaction is expected to close during Q1-2021. No financial information was disclosed on the transaction.
Source: Azelis press release
HGE – DCG / 29.01.2021