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Azelis Acquirs Turkish Specialty Chemicals Distributor Dağaltı
Thursday 18 August 2022

Belgium-based specialty chemicals and food ingredients company Azelis (Brussels: AZE) has signed an agreement to acquire 100% of the shares of Turkish specialty chemicals distributor Dağaltı Kauçuk San. (Dağaltı), the company said.

Dağaltı is active in the Turkish rubber and plastics additives market.

The acquisition of Dağaltı strengthens Azelis' R and PA footprint in Turkey. Dağaltı's extensive product portfolio strategically complements the Group's lateral value chain in industrial chemicals, enhancing the offerings and technical expertise Azelis provides to customers.

Established in 1980, Dağaltı has grown to be a leader in rubber and rubber additives in the domestic market.

With 14 employees, Dağaltı supports over 400 customers with products and expertise. CEO Sadik Dağaltı will continue leading the business to ensure a smooth transition into Azelis.

The transaction expects to close at the end of 3Q22, after fulfilment of customary closing conditions.

Azelis is a service provider in the specialty chemical and food ingredients industry present in over 50 countries across the globe with around 2,800 employees.
Date Published: 18/08/2022