Tag Archives: Agrochemicals

DKSH announces Acquisition of SACOA in Australia

April 30, 2021 Guenther Eberhard Leave a comment

Expanded Value-added Service Offering in the Agrochemicals Sector

Speciality chemicals distributor DKSH AG (Zurich, Switzerland) has announced the acquisition of 100% of Agrochemicals distributor and blender SACOA Pty Ltd (Claremont – Western Australia, Australia) for an undisclosed sum. DKSH says the intention is “to further diversify its value-added service offering”.

Founded in 1994, family-owned SACOA is a formulator of premium agricultural crop protection products with sales of ca. AUD 21 mn (ca. CHF 15 mn at an exchange rate of 1.40 AUD/CH or ca. EUR 13.6 mn) that “develops, formulates and sells spray oils and adjuvants to a long-term customer base of agricultural distributors, resellers and farmers. The product range is supported by industry and academic research and field trial programs as well as proprietary and trademarked brand names”, DKSH said in the announcement.

According to DKSH, SACOA’s product range is highly complementary to the existing product portfolio, “recently enhanced through the 2020 acquisition of Axieo, including its subsidiary SST, a leading supplier of adjuvants and spray additives, in Australia and New Zealand”. It is planned to fully integrate SACOA into DKSH’s Performance Materials BU and to merge the sales teams, in order to create revenue synergies.

Source: DKSH press release

HGE / DCG – 30.04.2021

Azelis to acquire Distribution Business of Spectrum Chemicals and Nortons Exim

April 19, 2021 Guenther Eberhard Leave a comment

Private Equity owned Distribution Group expands Market Coverage in India with Asset Deal

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire the distribution assets of Spectrum Chemicals and Nortons Exim Pvt. Ltd. [“Spectrum”] (Mumbai, India) from founder Parindu Metha and his family for an undisclosed sum.

The two companies, with offices in Mumbai and New Delhi, are active in the distribution of specialty chemicals used in Home Care, Road Construction and Agrochemicals, Azelis said in the announcement. Parindu Metha will stay with Azelis and it is planned to establish an Agrochemicals laboratory facility. This will be in addition to the three laboratories, for CASE, Personal Care and Food, which Azelis has established over the years, since first entering India in 2008.

No financial information was disclosed on the transaction, which is expected to be completed within the next few weeks, according to Azelis’ press release.

Source: Azelis press release

HGE – DCG / 19.04.2021

Azelis announces Agreement to acquire Orokia Israel Ltd.

July 24, 2020 Guenther Eberhard Leave a comment

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