THE WHAT? Specialty chemicals provider Azelis has expanded its foothold into the South American market with the purchase of ROCSA Colombia S.A., a specialty chemical distributor active in both life sciences and industrial chemical markets.
THE DETAILS Active in the life sciences market, primarily in personal care, food and nutrition, and home care and industrial cleaning, as well as in industrial chemicals, ROCSA is one of the leading specialty chemical distributors in Colombia, with a rapidly-growing presence in Peru and Central America.
The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.
THE WHY? The acquisition is said to represent a strategic expansion of the group’s footprint, ‘reinforcing its platform to execute its growth strategy in the region.’
Dr. Hans Joachim Müller, Azelis Chief Executive Officer, commented, “Through the acquisition of ROCSA, we are proudly entering into South America with a market-leading company. This strategic platform provides Azelis with significant foothold in the market, as well as the opportunity to expand with our customers and principals, in-line with our strategic vision in the region. Together, our combined capabilities and expertise will bring forth a compelling range of new and innovative solutions.”