August 10 2018, David R Brown
Azelis strengthens its presence in Ireland through the acquisition of P-K Chemicals Limited
Azelis, a leading distributor of speciality chemicals and food ingredients, has signed an agreement to acquire 100% of P-K Chemicals Limited, an Irish distributor of food ingredients and chemicals. This is Azelis' third acquisition in the EMEA region this year, following two in 2017 and one in 2016. The transaction is expected to complete within three months.
With the acquisition of P-K, we establish a strong physical footprint in IrelandAnna Bertona
Azelis EMEA CEO
Anna Bertona, Azelis EMEA CEO, comments: “With the acquisition of P-K, we establish a strong physical footprint in Ireland. There is an excellent strategic fit and we are excited by the opportunity we now have for further growth in this market. P-K will provide us with an improved product offering and customer reach with a potential to cross-sell. We welcome Graeme and his team to the Azelis family.”
The acquisition of P-K enables Azelis to extend its market presence in Ireland in both in life sciences and industrial chemicals. Besides food ingredients, P-K also distributes speciality chemicals for pharmaceuticals, healthcare, CASE and other non-food manufacturing. Sales are mostly generated in the Republic of Ireland.
Kevin Tobin, P-K's majority shareholder and Director, adds: “I am very proud of what we have achieved in the last 30 years, having gradually grown the company to where it is today. I am convinced that this will only strengthen P-K and the company will continue to thrive under the ownership of Azelis and that our principals, customers, employees and other partners are in very good hands.”
All current employees of P-K Chemicals will be joining the Azelis team headed by P-K's General Manager, Graeme Locke, who will become Managing Director Azelis Ireland.
Azelis is a leading global speciality chemicals and food ingredients distributor providing a diverse range of innovative products and services. Dedicated teams serve customers in the following industries: 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. The Group has a turnover of around EUR 1.8 billion and employs around 1,800 people located in more than 60 facilities in over 40 countries across the EMEA, Asia Pacific and Americas regions.
Source(s): Azelis Press Release