Apax Partners-backed Azelis acquired KODA Distribution Group.

Apax Partners-backed Azelis, the leading global specialty chemicals distributor, acquired KODA Distribution Group, the leader in specialty chemical distribution. Financial terms were not disclosed. Hans Joachim Müller, CEO Azelis commented, “The specialty chemicals market in North America is extremely important and the trend of suppliers moving their smaller accounts to specialty chemical distributors will continue for some time. As we got to know the team at KDG, it became clear that they share our values and we believe that they are an excellent partner to expand our business into the USA and build on our existing business in Canada. Our product portfolios are extremely complementary and demonstrate many synergies with principals, which is a paramount consideration in any acquisition. We are excited to welcome KDG to the Azelis Group.”