Private Equity owned Distribution Group expands Market Coverage in Italy with Add-on Acquisition
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire 100% of the shares of Came Chemical Mineral and Engineering S.r.l. [“CAME”] (Origgio (VA), Italy). The company is specialized in the distribution of chemicals for “friction & sintering applications”, CASE (Coatings, Adhesives, Sealants & Elastomeres), and Cosmetics.
CAME’s employees will all join Azelis, including two of the owners, Verena Cepparulo and Gianni Minetto. The transaction is expected to close during Q1-2021. No financial information was disclosed on the transaction.
Source: Azelis press release
HGE – DCG / 29.01.2021
Expansion into Activated Carbon based Water and Air Purification Applications for Brenntag
Global chemical distributor Brenntag AG (Essen, Germany) announced that the group has signed an agreement to acquire Comelt S.p.A. (Cernusco sul Naviglio (MI) – Italy) and its subsidiary Aquadepur S.r.l. (Cogliate (MB), Italy) for an undisclosed sum. According to the announcement, the two businesses focus on the processing, marketing, and distribution of Activated and Re-activated Carbon for different applications such as Water Filtration and Purification of Air and Flue Gas. Included in the transaction are warehouses and a laboratory located in Northern Italy.
The acquired business generated sales of approx. EUR 31 mn in FY2019, Brenntag said. No further financial details were disclosed on the transaction, which is expected to close during this quarter, after certain contractual conditions have been met and regulatory approvals have been obtained.
Source: Brenntag press release
HGE – DCG / 19.10.2020