Big Step forward for Azelis on Growth Path in Africa and the Middle East
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire Orkila Group (Beirut, Lebanon), a prominent specialty chemicals and food ingredients distributor with activities throughout Africa and the Middle East, for an undisclosed sum.
Established in 2005 by Antoine Sacy, the Orkila Group today runs offices in 13 countries and is active in more than 30 countries in the region. The group serves several thousand customers across Africa and the Middle East, ranging from major multinationals to small local producers. Sales are made to multiple market segments, including Pharmaceuticals, Food, Agrochemicals, Animal Nutrition, Personal Care, Paints & Construction, Oil & Gas (“Oilfield”), Plastic Additives, Home Care and Water Treatment. Also, he supplier portfolio is matching that of Azelis very well, the announcement said. Over 220 employees of Orkila will be joining the Azelis organisation. To ensure business continuity, Audrey Sacy Aris and Christophe Sacy, as well as other senior managers, will continue to run the operations going forward.
No financial information was disclosed on the transaction.
Source: Azelis press release
HGE – DCG / 01.10.2019