M&A Deal Summary

Azelis Acquires Localpack

On December 14, 2023, Azelis acquired chemicals company Localpack

Acquisition Highlights
  • This is Azelis’ 7th transaction in the Chemicals sector.
  • This is Azelis’ 2nd transaction in Colombia.

M&A Deal Summary
Date 2023-12-14
Target Localpack
Sector Chemicals
Buyer(s) Azelis
Deal Type Add-on Acquisition

Target

Localpack

Medellín, Colombia
Localpack a Colombian company that develops markets and helps customers formulate better products to compete and win in their respective markets. It serves several industrial applications such as paints & coatings, polymerization, disinfection and cleaning, asphalt, construction, lubricants & greases, plastics & rubber, and agrochemicals, and in the life sciences area. The company serves customers in food and personal care, along with service to the pharma market through its affiliated company Gatepharma. Localpack was formed in 2004 and is based in Medellín, Colombia.

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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 52 of 57
Sector (Chemicals) 7 of 8
Type (Add-on Acquisition) 48 of 51
Country (Colombia) 2 of 2
Year (2023) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Oktrade

Istanbul, Turkey

Oktrade is a distributor of specialty personal care ingredients based in Istanbul, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 mdk

Tangerang, Indonesia

mdk is a distributor of personal care products. MDK’s foothold in the Halal cosmetic market expands the group’s technical expertise to serve a wider spectrum of the personal care market. mdk was founded in 2009 and is based in Indonesia.

Buy -
Mergr

Product

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