To create a strong platform for growth in the global specialty chemicals and food ingredients distribution business
Azelis, a leading distributor of specialty chemicals and food ingredients, is thrilled to announce it has signed an agreement to acquire 100% of the outstanding shares of Megafarma, a premier Mexican specialty distributor for pharma, food and veterinary industries.
Headquartered in Mexico City, the company represents some of the world’s most renowned raw material producers and serves a large number of customers in all Mexican regions. The integration of Megafarma will provide Azelis access to a promising market and creates a strong platform for growth in the global specialty chemicals and food ingredients distribution business.
Highlights & rationale
- With this acquisition Azelis enters into Latin America.
- Acquiring Megafarma enables Azelis to gain a strong position in the pharma and food segments in Mexico, and build into other market segments, such as plastics, foam, CASE, personal care, and household & industrial cleaning.
- This transaction is consistent with Azelis’ corporate strategy of sustainable organic growth, complemented by strategic acquisitions.