Azelis has announced the acquisition of 100% of Chemical Partners and Chempart Polymers in Lebanon and Belgium. This strategic move aims to bolster Azelis' lateral value chain in industrial chemicals following its earlier acquisition of Umongo. With a strong presence in over 30 countries, Chemical Partners enhances Azelis' geographical footprint in Africa and the Middle East. The transaction is set to close in Q3 2022, pending customary conditions. The acquisition aligns with Azelis' commitment to innovation and sustainability, promising growth opportunities for both companies.
Azelis, a global innovation service provider in specialty chemicals, has announced its acquisition of the specialty lubricant distribution assets of Ak-taş in Turkey. This transaction includes Ak-taş's oil additive and Whitechem's base oil distribution businesses. The acquisition aims to enhance Azelis' presence in the lubricants market, reflecting its commitment to sustainability and innovation. The deal is anticipated to close in Q3 2022, pending customary conditions. Azelis seeks to leverage the synergies with Ak-taş and Whitechem to foster business growth in the EMEA region.
Azelis has announced its agreement to acquire a majority stake in Ashapura Aromas, a leading distributor in India's flavors & fragrances market. This strategic acquisition aims to enhance Azelis's position and expand its F&F platform across Asia Pacific. The transaction will close by the end of Q3, following customary conditions. Ashapura brings a strong product portfolio and established partnerships, which will complement Azelis's existing offerings. The deal aligns with Azelis's global growth strategy and positions it as a market leader in the F&F industry.
Azelis has announced the acquisition of a majority stake in ROCSA Colombia S.A., a leading specialty chemical distributor in South America. This acquisition aims to strengthen Azelis' presence in the region, enhancing its capacity to serve over 1,900 customers across various markets, including life sciences and industrial chemicals. ROCSA's established relationships with global suppliers will significantly expand Azelis' product portfolio and market reach. The deal is expected to close in Q3 2022, subject to customary conditions.
Azelis, a global leader in specialty chemicals and food ingredients, successfully held its first Annual General Meeting (AGM) on June 9, 2022, in Antwerp, Belgium. Shareholders approved all proposed resolutions, including a gross dividend of €0.03 per share for the fiscal year 2021, to be paid on June 22, 2022. The meeting also approved a new remuneration policy focusing on performance and sustainability, as well as the terms of the Long-Term Incentive Plan (LTIP). Azelis operates in 57 countries, generating €2.8 billion in turnover.
Azelis has announced the appointment of Laurent Nataf as the Chief Mergers & Acquisitions Officer effective September 1, 2022, and Sertaç Sürür as the new CEO & President for Azelis Asia Pacific. Nataf, previously CEO for Azelis Asia Pacific, will lead the global M&A strategy, building on a track record of successfully acquiring 17 companies in the region. Sürür will take over Nataf's previous role, expanding leadership in Asia-Pacific operations. These strategic changes aim to enhance Azelis' growth through M&A and bolster its market position.