Azelis acquires Chemical Partners’ entities in Belgium and Lebanon

Transaction:

Azelis acquires 100% of the shares of Chemical Partners’ entities in Belgium and Lebanon. The Chempart group is an independent distributor of specialty chemicals with a strong foothold in the industrial chemicals market, particularly in Africa and the Middle East. As part of the Azelis family, the Chemical Partners management team aims to expand their presence in the region and to combine their many strengths to provide their customers with the best opportunities.

VDP acted as advisor to the sellers.

Chemical Partners:

Founded in 1995, Chemical Partners has grown to become one of the leading distributors of specialty chemicals in Africa and the Middle East with a presence in over 30 countries in the region. The company has long-standing relationships with top-tier principals, and serves a diversified customer base. Chemical Partners also provides technical advice to its customers and has a strong focus on innovation and sustainability.

For more information: www.chempart.com

Azelis:

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 50 countries across the globe with over 3.000 employees. In the specific markets of life sciences and industrial chemicals they offer a lateral value chain of complementary products to more than 51.000 customers, supported by ~2.300 principal relationships creating a turnover of €2,8 billion (2021). Azelis Group NV is listed on Euronext Brussels.

For more information:www.azelis.com