Azelis acquires speciality chemical distributor in Italy

Azelis acquires speciality chemical distributor in Italy

5:42 AM, 9th August 2016
Azelis acquires speciality chemical distributor in Italy

MILAN, ITALY: Azelis has agreed to acquire 100 percent of Italy-based Ametech, a leading distributor for a complementary product basket of speciality chemicals for agrochemical and fertiliser formulations, feed and veterinary, polymerisation in emulsion, industrial applications and other markets.

With its Italian, French and Spanish operations, Ametech is a market leader in agrochemicals for the distribution of adjuvants and surfactants and employs around 30 employees who will all become part of the Azelis Group. The company has grown substantially in recent years as a result of product range and regional expansion.

With its EMEA coverage, Ametech serves mainly small and medium sized formulators, which account for 30 percent of the total market. Representing and promoting a number of leading and innovative producers of speciality additives, Ametech’s portfolio fits extremely well with the Azelis strategy and current portfolio.

In addition to its core business of crop protection, Ametech is also active in the following markets, among others: metal working & cleaning, textiles, monomers for emulsion polymerisation, and homecare.

The deal with Ametech demonstrates the commitment of funds advised by Apax Partners, the major shareholders in Azelis, to support its global growth in the speciality chemicals segment.

“The acquisition of Ametech will allow Azelis to expand into this high performing sub-sector within the agricultural industry, a key market, in which we have had limited presence in the past. Ametech’s strong track record in product innovation and formulation, which has enabled them to grow faster than the market, perfectly complements our focus on the technical knowledge, laboratory formulation and application support to our customers,” said Dr Hans Joachim Muller, CEO of Azelis.

“Becoming part of Azelis will enable us to utilise their growing global presence so that we can focus more on development and innovation. We now have a chance to expand that know-how into new territories, which is very exciting for us,” added Ambrogio Erba, managing director of Ametech, who will become market segment director for speciality agri/horti business at Azelis.

© Worldofchemicals News

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