Add-on Acquisition • Chemicals

Azelis Acquires Spectrum Chemicals

On April 15, 2021, Azelis acquired chemicals company Spectrum Chemicals

Acquisition Context
  • This is Azelis’ 4th transaction in the Chemicals sector.
  • This is Azelis’ 4th transaction in India.

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M&A Deal Summary

Date April 15, 2021
Target Spectrum Chemicals
Sector Chemicals
Buyer(s) Azelis
Deal Type Add-on Acquisition

Target Company

Spectrum Chemicals

Mumbai, India
Spectrum Chemicals specialize in the distribution of specialty chemicals for home care, the road sector, agrochemical, and other applications. Spectrum Chemicals 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 25 of 61
Sector: Chemicals 4 of 8
Type: Add-on Acquisition 23 of 55
Country: India 4 of 8
Year: 2021 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Nortons Exim

Mumbai, India

Nortons Exim specializes in the distribution of specialty chemicals for home care, the road sector, agrochemical, and other applications. Nortons Exim is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Vigon International

East Stroudsburg, Pennsylvania, United States

Vigon International is a distributor and manufacturer of ingredients for the flavors, fragrances, and cosmetics market segments. Vigon offers a comprehensive product portfolio to its customers, including flavors, natural and synthetic aroma chemicals, actives, functional ingredients, and essential oils. Vigon International is based in East Stroudsburg, Pennsylvania.

Buy -

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