M&A Deal Summary

Azelis Acquires CPS Chemicals

On June 17, 2024, Azelis acquired chemicals company CPS Chemicals from IMCD

Acquisition Highlights
  • This is Azelis’ 8th transaction in the Chemicals sector.
  • This is Azelis’ 2nd transaction in South Africa.

M&A Deal Summary
Date 2024-06-17
Target CPS Chemicals
Sector Chemicals
Buyer(s) Azelis
Sellers(s) IMCD
Deal Type Divestiture

Target

CPS Chemicals

Durban, South Africa
CPS Chemicals distributes raw materials to petroleum, additive, grease manufacturing, and other industry-related segments. It represents leading global suppliers and serves a large group of customers with an extensive portfolio of products alongside commercial and technical support. CPS Chemicals was formed in 1993 and is based in Durban, South Africa.

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Buyer(S) 1

Buyer

Azelis

Antwerp, Belgium
Category Company
Founded 2001
Sector Distribution
Employees2,772
Revenue 2.3B EUR (2020)
DESCRIPTION

Azelis is a global distributor of specialty chemicals and food ingredients, providing diverse products and innovative services. Azelis was founded in 2001 and is based in Antwerp, Belgium.

DEAL STATS #
Overall 55 of 55
Sector (Chemicals) 8 of 8
Type (Divestiture) 6 of 6
Country (South Africa) 2 of 2
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 DBH - Distribution Business

Germany

DBH - Distribution Business is a chemicals distributor.

Buy -

Seller(S) 1

SELLER

IMCD

Rotterdam, Netherlands
Category Company
Founded 1995
Sector Chemicals
Employees4,736
Revenue 4.4B EUR (2023)
DESCRIPTION

IMCD is a marketing, sales and distribution of specialty chemicals and food- and pharma ingredients, with offices and warehouses in 31 countries in Europe, Africa and Australia/Asia. IMCD was founded in 1995 and is based in Rotterdam, the Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (South Africa) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Selechimica

Milan, Italy

Selechimica is a pharmaceutical distributor operating a Active Pharmaceutical Ingredients (APIs) portfolio. Selechimica is based in Milan Italy.

Buy -
Mergr

Product

Company

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