Add-on Acquisition • Distribution

Azelis Acquires Oktrade

On December 7, 2023, Azelis acquired distribution company Oktrade

Acquisition Context
  • This is Azelis’ 41st transaction in the Distribution sector.
  • This is Azelis’ 5th transaction in Turkey.

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M&A Deal Summary

Date December 7, 2023
Target Oktrade
Sector Distribution
Buyer(s) Azelis
Deal Type Add-on Acquisition

Target Company

Oktrade

Istanbul, Turkey
Oktrade is a distributor of specialty personal care ingredients based in Istanbul, Turkey.
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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 51 of 61
Sector: Distribution 41 of 49
Type: Add-on Acquisition 47 of 55
Country: Turkey 5 of 5
Year: 2023 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 Agspec

Mount Gambier , Australia

Agspec is a distributor of crop nutrition, crop protection and specialty agricultural products. Agspec is based in Mount Gambier, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 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.

Buy -