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M&A Deal Summary

Azelis Acquires MK Ingredients & Specialties - Distribution Activities

On February 28, 2019, Azelis acquired distribution company MK Ingredients & Specialties - Distribution Activities from MK Ingredients & Specialties

Acquisition Highlights
  • This is Azelis’ 12th transaction in the Distribution sector.
  • This is Azelis’ 1st transaction in India.

M&A Deal Summary
Date 2019-02-28
Target MK Ingredients & Specialties - Distribution Activities
Sector Distribution
Buyer(s) Azelis
Sellers(s) MK Ingredients & Specialties
Deal Type Divestiture

Target

MK Ingredients & Specialties - Distribution Activities

Mumbai, India
MK Ingredients & Specialties - Distribution Activities is an Indian distributor covers food applications such as confectionery, bakery, and dairy. Non-food segments include paints and coatings as well as chemicals for industrial markets.

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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 13 of 58
Sector (Distribution) 12 of 46
Type (Divestiture) 1 of 6
Country (India) 1 of 7
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-17 Euroconsultant

Poland

Euroconsultant Ltd. is a distributor of flavours, shelf life extenders and other products predominantly for the meat segment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 Chemroy Canada Holdings

Brampton, Ontario, Canada

Chemroy Canada Holdings, Inc. is a distributor of specialty chemicals and food ingredients. Chemroy offers CASE(coatings, adhesives, construction and ink), food, pharmaceutical, nutraceutical and personal care segments. Chemroy Canada Holdings, Inc. was founded in 1967 and is based in Brampton, Ontario.

Buy -

Seller(S) 1

SELLER

MK Ingredients & Specialties

Mumbai, India
Category Company
Founded 2001
Sector Distribution
DESCRIPTION

MK Ingredients & Specialties is an Importer and distributor of ingredients and additives for food flavors, fragrance and chemical applications in India. Established in 2001, in the past 15 years, M K Ingredients & Specialities has scripted many success stories by supplying specialty ingredients and chemicals.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2019) 1 of 1
Mergr

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