7/6/2022

Belgium-based Azelis Acquires Distribution Assets of Ak-taş

Belgium-based global innovation service provider of chemicals and food ingredients Azelis acquired the specialty lubricant distribution assets of Ak-taş, a Turkish supplier of lubricant and metal working fluids (L&MWF). The transaction also included the acquisition of the base oil distribution business of Whitechem, the subsidiary of Ak-taş, together with its oil additive business.

Anna Bertona, Azelis CEO and President of the EMEA region commented on the transaction, saying,  “Acquiring the distribution assets of Ak-taş and WhiteChem allows us to develop critical mass in the L&MWF market in EMEA. We have a clear strategy to further grow our presence in the​se specialty segments and this acquisition gives us access to all key building elements. We look forward to welcoming them into the Azelis family and together growing the L&MWF business of Azelis".

The transaction is expected to close in the third quarter of 2022, after the fulfilment of customary closing transactions.

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Belgium; Türkiye; acquisition; L&MWF