Announced
Completed
Synopsis
EQT-backed Azelis, a distributor of specialty chemicals and food ingredients, completed the acquisition of Orkila, a top specialty chemicals and food ingredients distributor throughout Africa and the Middle East. Financial terms were not disclosed. "We have been impressed by Orkila’s committed management, the similarity of our business models and excellent cultural fit. We know that many of our principals are currently looking into strengthening their activities in Africa. Combining the strength of a leading regional specialty distributor with the strength of Azelis will result in an excellent and unique platform for organic growth,” Dr. Hans Joachim Müller, Azelis CEO & President.
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