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Benelux Expansion for Azelis

Published on 2004-09-23. Author : SpecialChem

 

Following its acquisition of Sibeco in Belgium earlier this year, the pan- European distribution group Azelis has announced its agreement to acquire Sepulchre, further strengthening its position in Benelux. The deal is expected to be completed before the end of October.

Sepulchre, based in Brussels and with an office in the Netherlands, has a turnover of EUR 41 million and supplies more than 2,500 raw materials and chemical specialties from blue chip producers. They are the leading distributor in Benelux to the rubber, coatings, adhesives, sealants and encapsulants sectors and amongst the top five in plastics and specialties.

Azelis CEO, Hans Udo Wenzel said, "Sepulchre complements the activities of Sibeco who focus on food blends and additives, animal nutrition, specialty flame retardants and general chemicals, and will therefore enable us to provide access to additional markets in this important geographic region."

"Sepulchre, while being established since 1932, has a young and dynamic management team and its entrepreneurial approach fits well with the Azelis culture. Sepulchre’s management will acquire shares in the company and day to day running of the business will remain in their hands ensuring continuity of knowledgeable local service."

  • The Azelis Group was set up in August 2001 with the objective of establishing a focused chemical distribution group to meet the different local needs of customers and suppliers across Europe.
  • Electra Partners Europe own 70% of the equity and 60% of the voting rights in Azelis. The remaining shareholding lies in the hands of the international management team led by CEO Hans Udo Wenzel.
  • The Group comprises 17 companies and includes Arnaud in France with six subsidiaries in central/eastern Europe, Chance & Hunt and Pan Polymers in UK; Kraemer & Martin in Germany; the Italian businesses Organa, Chemplast, Novaria Chemicals, Giulio Gross, Chemverga and Tradex Colori; Sibeco and Sepulchre in Belgium.
  • The Group's international business units focus on providing products and specialist technical services into the coatings, adhesives, plastics, rubber, composites, food, pharmaceutical and cosmetics sectors. In addition, the local companies maintain their existing focus in specialist areas such as animal nutrition, electronics, water treatment and detergents as well as providing a range of general chemicals. All Group companies have a clear philosophy of operating in open partnership to provide services tailored to their suppliers'strategy and to meet local customer needs

Source: Azelis


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