Tag Archives: Israel

Azelis announces Agreement to acquire Orokia Israel Ltd.

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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

IMCD to acquire Zifroni Chemical Suppliers Ltd. in Israel

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Dutch Distributor starts Year with Acquisition for Pharma and Personal Care Chemicals

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has successfully completed the acquisition of Zifron Chemical Suppliers Ltd. [“Zifroni”] (Rishon LeTsyon – Israel) for an undisclosed amount. According to IMCD’s announcement, Zifroni is a leading distributor in Israel with a focus on specialty chemical products for Pharmaceuticals and Personal Care.

 

Founded in 1950, the company generated revenues of   EUR 10.2 mn with 9 employees in 2019. The current Managing Directors, Rafi and Moshe Zifroni, and the rest of the staff will continue to work in the company, IMCD said in the statement.

 

No financial details were disclosed on the transaction.

 

Source: IMCD press release

 

HGE – DCG / 17.01.2020