Azelis closes Acquisition of KODA Distribution Group
Specialty chemicals distributor Azelis Group (Antwerp, Belgium) and KODA Distribution Group (Stamford, CT – United States) announced earlier this week that the transaction to acquire US-based distributor KODA Distribution Group (KDG), has been completed and has closed effective 17. December 2015, following regulatory clearance.
Since 21. December 2015, KDG is trading as Azelis Americas and is led by Frank Bergonzi, CEO and President of Azelis Americas, and a member of the Azelis Board of Directors. Frank Bergonzi reports to Hans Joachim Müller, CEO Azelis Group.
According to the statement, Azelis Americas “will continue to operate in the USA and Canada using its existing business model and go-to-market strategy. Its renowned local brands will be maintained and co-branded with the Azelis visual identity, thereby emphasizing its local focus on absolute customer service, now backed by a global structure. Specialty markets are also aligned across the Group.”
Source: Azelis website
HGE – DCG / 23.12.2015