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  5. Azelis Acquires Ashapura

M&A Deal Summary

Azelis Acquires Ashapura

On June 27, 2022, Azelis acquired distribution company Ashapura

Acquisition Highlights
  • This is Azelis’ 31st transaction in the Distribution sector.
  • This is Azelis’ 7th transaction in India.

M&A Deal Summary
Date 2022-06-27
Target Ashapura
Sector Distribution
Buyer(s) Azelis
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

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.

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Buyer(S) 1

Buyer

Azelis

Antwerp, Belgium
Category Company
Founded 2001
Sector Distribution
Employees3,481
Revenue 4.2B EUR (2023)
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 39 of 58
Sector: Distribution M&A 31 of 46
Type: Add-on Acquisition M&A Deals 36 of 52
Country: India M&A 7 of 7
Year: 2022 M&A 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 ROCSA Colombia

Bogota, Colombia

ROCSA Colombia is a specialty chemical distributor active in both life sciences and industrial chemical markets. ROCSA Colombia was founded in 1997 and is based in Bogota, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 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.

Buy -
Mergr

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