Azelis buys S&D Group
Acquisition said to be one of the largest in Azelis’ history
European speciality chemicals distributor Azelis has signed a definitive agreement to acquire S&D Group Ltd, a supplier of raw materials and ingredients to several industries including the personal care industry. Azelis says the acquisition of S&D Group will significantly strengthen its Life Science business both in terms of portfolio coverage as well as geographical spread.
“The acquisition is one of the biggest in the entire Azelis history and is of significant strategic importance. S&D will give Azelis a leading position in personal care and pharma in the CEE region, including the CIS countries,” comments the group’s ceo Joris Coppye. “Furthermore the acquisition will support the consolidation of our Indian Science activities. In China we will be able to complement our existing sourcing operations with distribution activities. Last but not least the acquisition of S&D is an important step change towards globalisation through the access to new markets such as Canada, Australia, the Middle East and Africa.”
Among those S&D companies excluded from the acquisition are S&D Chesham GmbH and ProTec Ingredia, part of its personal care activities business.
Peter Straus, co-founder and owner of the S&D Group adds: “This is a further major step in the growth story of S&D and I am happy that the company will soon have a new home within a strong group that shares the same core values. The retained businesses will continue to operate and expand under their current management.”
