Azelis Buys Israeli Specialty Chemicals Distributor Orokia
22nd July 2020
Azelis has signed an agreement to buy Orokia Israel for an undisclosed sum. The acquisition will give the Belgian distributor entry to the “highly attractive” Israeli specialty chemicals market. Azelis, which is part of global investment group EQT, said the takeover of Orokia is consistent with its strategy of complementing organic growth with strategic acquisitions. All Orokia employees will transfer to the new owner on completion.
Orokia, a privately held company founded in July 2005, is active in multiple market segments such as agrochemicals, animal nutrition, personal care, food, pharmaceuticals and industrial chemicals.
“Orokia, and its forerunners, have been present in the Israeli market for almost four decades, during which time the company has built up a strong market presence, counting major global players among the principals represented and serving more than 200 customers,” said Anna Bertona, CEO and president of Azelis EMEA. “This acquisition will bring an abundance of cross-selling opportunities to expand the business with our existing long-standing and trusted partners.”
Azelis did not reveal when it expected the deal to close.
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