Add-on Acquisition • Distribution

Azelis Acquires Chemo India

On May 25, 2022, Azelis acquired distribution company Chemo India

Acquisition Context
  • This is Azelis’ 29th transaction in the Distribution sector.
  • This is Azelis’ 6th transaction in India.

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M&A Deal Summary

Date May 25, 2022
Target Chemo India
Sector Distribution
Buyer(s) Azelis
Deal Type Add-on Acquisition

Target Company

Chemo India

Mumbai, India
Chemo India is an importer & distributor of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers). Chemo India was founded in 1966 and is based in Mumbai, India.
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Buyer Overview 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 Context for Buyer #
Overall 37 of 61
Sector: Distribution 29 of 49
Type: Add-on Acquisition 34 of 55
Country: India 6 of 8
Year: 2022 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Unipharm Laboratories

Mumbai, India

Unipharm Laboratories is an importer and distributor of high-quality excipients and chemical raw materials used by pharmaceutical formulators, personal care, and bulk drug industry. Unipharm Laboratories was formed in 1975 and is based in Mumbai, India.

Buy -
FOLLOWING 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 -