Private Equity owned Distribution Group enters enters Market in Israel for the first Time
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire Orokia Israel Ltd. (Netanya, Israel), a distributor of specialty chemicals.
Created in 2005, Orokia today is active in multiple market segments. Representing several of what Azelis calls “blue chip principals”, the company serves a range of industries, such as Agrochemicals, Animal Nutrition, Personal Care, Food, Pharmaceuticals and Industrial Chemicals. All of Orokia’s employees will move to Azelis, the statement said.
No financial information was disclosed on the transaction.
Source: Azelis press release, DistriConsult analysis
HGE – DCG / 24.07.2020