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M&A Deal Summary

Azelis Acquires Tunçkaya

On February 8, 2022, Azelis acquired distribution company Tunçkaya

Acquisition Highlights
  • This is Azelis’ 26th transaction in the Distribution sector.
  • This is Azelis’ 2nd transaction in Turkey.

M&A Deal Summary
Date 2022-02-08
Target Tunçkaya
Sector Distribution
Buyer(s) Azelis
Deal Type Add-on Acquisition

Target

Tunçkaya

Istanbul, Turkey
Tunçkaya is a distributor of food ingredients and additives as well as a range of blended products for various segments of the food market. Tunçkaya was established in 1973 and is based in Istanbul, Turkey.

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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 34 of 57
Sector (Distribution) 26 of 45
Type (Add-on Acquisition) 31 of 51
Country (Turkey) 2 of 5
Year (2022) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-17 Catalite

Bangkok , Thailand

Catalite is a well-established distributor of specialty chemicals in the Personal Care and Home Care market segments, as well as industrial formulators, intermediates, and coatings. Catalite was founded in 2008 and is based in Bangkok, Thailand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Whitfield Chemical

Staffordshire, United Kingdom

Whitfield Chemical is a distributor focused on CASE (coatings, adhesives, sealants and elastomers) and R&PA (rubber & plastic additives). Whitfield Chemical is based in Staffordshire, United Kingdom.

Buy -
Mergr

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