March 6 2018, David R Brown
Azelis strengthens its position in the Moroccan food market with the acquisition of Distralim
Azelis has signed an agreement to acquire a 100% ownership of Distralim S.A.R.L. ('Distralim'), a distributor of food ingredients in Morocco. The company is based in Casablanca and employs 21 employees, who will all be joining the Azelis team. With the addition of Distralim, Azelis becomes one of the leading food distributors in Morocco.
Morocco is an attractive country to grow our business and to further expand into the North and West African regionsBenoit Fritz
Azelis Regional Managing Director France and Africa
Benoit Fritz, Azelis Regional Managing Director France and Africa, comments on the deal: “We are enthusiastic about this acquisition and the opportunities it brings to Azelis. Morocco, with its population of approximately 35 million inhabitants and strategic location, is an attractive country to grow our business and to further expand into the North and West African regions. The mandates and product offering of Distralim are complementary to ours and enable us to create a solid platform, well equipped for further growth.”
Hassan Charrouf, owner of Distralim, adds: “We are excited to become part of Azelis, a very service oriented and established organisation. Azelis and Distralim share the same values: we are entrepreneurial, respectful and have the ambition to support and service our principals and customers with the highest quality. We are convinced this deal will create opportunities for everyone involved.”
Distralim is a well-respected player in the local market and has strong and long standing relationships with its principals and customers. The company covers the main food application markets, such as ingredients for confectionery, biscuits and ice cream as well as several non-food segments. The acquisition of Distralim also endorses the growing commitment of Azelis' major shareholders, Apax Partners, to support global growth in speciality chemicals and food ingredients.
The transaction is expected to close in the course of the next three months.
Azelis is a leading global speciality chemicals and food ingredients distributor present in over 40 countries across the globe with around 1,800 employees. Dedicated teams serve customers in in a wide range of industries including Personal Care, Pharma, Food & Health, Animal Nutrition, Specialty Agri/Horti, Homecare & Industrial Cleaning, CASE (coatings, adhesives, sealants & elastomers), Chemicals, Lubricants & Metal Working Fluids and Rubber & Plastic Additives. Azelis offers a lateral value chain of complementary products to over 40,000 customers, creating a turnover of €1.8 billion. In the US the Group operates under a number of renowned co-brands that cater to the various markets in the region.
Source(s): Azelis Press Release