Azelis Acquires Oktrade, Fosters Presence in Turkish Personal Care Market

​Azelis, a prominent provider of innovative services in the specialty chemicals and food ingredients sector, took a significant stride in expanding its foothold in the Turkish personal care market. The company announced the successful acquisition of a full 100 percent share equity of Oktrade Kimya Sanayi ve Ticaret Anonim Şirketi (Oktrade), a distinguished distributor of specialty personal care ingredients based in Istanbul.

The move underscores Azelis' commitment to fortifying its operations in the Turkish personal care market. By integrating Oktrade into its portfolio, Azelis aims to elevate its standing, positioning itself as a leader in this rapidly growing market.

Founded in 2017, Oktrade boasts a robust portfolio and extensive technical expertise in color cosmetics, skincare, and sun care—areas that seamlessly complement Azelis' existing offerings. With a dedicated team of 12, including technical sales professionals, Oktrade serves customers across the entire country. The addition of Oktrade's application laboratory will further augment Azelis' existing personal care laboratory capabilities, reinforcing its commitment to bringing innovative solutions to both customers and principals.

Expressing enthusiasm about the acquisition, Oktrade Managing Director Oktay Öztürk stated, “Joining Azelis marks a new milestone in our company's development. Our goal is to become a market leader in the Turkish personal care industry thanks to our shared commitment to offering our client base the most innovative solutions and high-quality products. Leveraging Azelis' expertise and network will enable us to achieve this goal."

Azelis Türkiye Managing Director Burcu Gezegen was eager to comment, “We are excited to welcome Oktrade to the Azelis family. Our combined strength not only broadens our product portfolio, but also reinforces our capability to continue delivering the highest level of service and technical expertise to our customers." Gezegen believes the latest transaction demonstrates Azelis Türkiye's commitment to having the most complete lateral value chain for the end markets it serves, allowing the company's name to become synonymous with innovative solutions in the industry.
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Türkiye; Azelis; Oktrade