M&A Deal Summary

Azelis Acquires Aktaş - Specialty Lubricant distribution assets

On June 30, 2022, Azelis acquired chemicals company Aktaş - Specialty Lubricant distribution assets from Akta?

Acquisition Highlights
  • This is Azelis’ 6th transaction in the Chemicals sector.
  • This is Azelis’ 3rd transaction in Turkey.

M&A Deal Summary

Date 2022-06-30
Target Aktaş - Specialty Lubricant distribution assets
Sector Chemicals
Buyer(s) Azelis
Sellers(s) Akta?
Deal Type Divestiture

Target

Aktaş - Specialty Lubricant distribution assets

Istanbul, Turkey
Aktaş' Specialty Lubricant distribution assets include the oil additive business Ak-taş. Aktaş' Specialty Lubricant distribution assets is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

Azelis

Antwerp, Belgium

Category Company
Founded 2001
Sector Distribution
Employees3,481
Revenue 4.2B EUR (2024)
DESCRIPTION

Azelis is a 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 40 of 61
Sector: Chemicals M&A 6 of 8
Type: Divestiture M&A Deals 4 of 6
Country: Turkey M&A 3 of 5
Year: 2022 M&A 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Ashapura

Mumbai, India

Ashapura is a distributor of ingredients in the flavors & fragrances (“F&F”). Ashapura was founded in 2003 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Chemical Partners

Brussels, Belgium

Chemical Partners is a distributor of specialty chemicals that provides a balanced combination of the most performing raw materials, with the related technical and commercial supports, adding the dedicated logistics, we extend our global expertise for tailor-made solutions. Chemical Partners was founded in 1995 and is based in Brussels, Belgium.

Buy -

Seller(S) 1

SELLER

Akta?

Istanbul, Turkey

Category Company
Founded 1989
Sector Business Services
DESCRIPTION

Akta? provides services with various bulk and packaged products, primarily solvents, to different sectors in Turkey, where chemical raw materials were utilized. Akta? was founded in 1989 and is based in Istanbul, Turkey.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Turkey M&A 1 of 1
Year: 2022 M&A 1 of 1