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New Deal


Announced

Azelis to acquire Agspec Australia.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Australia

Majority

beverage manufacturing

Food Products

Cross Border

Private

Pending

Friendly

Single Bidder

Synopsis

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Azelis, a service provider in the specialty chemical and food ingredients industry, agreed to acquire Agspec Australia, a distributor of crop nutrition. Financial terms were not disclosed. “We are delighted to be joining Azelis, with their expertise in developing and marketing specialty chemicals, as this is synonymous with the Agspec business model. Azelis provides the critical mass for Agspec to fully realize its potential. Innovation being at the heart of Azelis' strategy, it seemed obvious to us that they would be the best and most complementary partner,” Jonathon Lillecrapp and Andrew Glynn, Agspec Founders.

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