Azelis with another Acquisition to enhance Industry Coverage in India
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire 100% of the distribution and indent business of S. Zhaveri Pharmakem Pvt. Ltd. (Mumbai, India), a distributor of Pharma Excipients for an undisclosed amount.
S. Zhaveri is was founded in 1951 and has to-date been owned 100% by the Javeri family. The company serves more than 250 customers with products from international as well as domestic principals. All its employees in the distribution business will become part of Azelis. Following the closing, Mrs. Uma Javeri and Ms. Sonali Sheth will support the integration of S. Zhaveri Pharmakem’s distribution business into Azelis, and will lead the entire pharma business of Azelis in India.
No financial information was disclosed on the transaction.
Source: Azelis press release
HGE – DCG / 03.02.2020