January 18 2021, David R Brown
Azelis Italy enters into friction market segment with the acquisition of CAME
Azelis, a leading distributor of specialty chemicals and food ingredients, has acquired 100% of the share capital of Came Chemical Mineral and Engineering S.r.l. ("CAME") in Italy. CAME is specialized in the distribution of chemicals for friction and sintering applications, CASE (coatings, adhesives, sealants and elastomeres), and cosmetics. The friction market covers a wide variety of materials used on large scale in several industries, such as automotive, metal fabrication, machinery, and electronics.
The acquisition of CAME will increase our market presence and overall product offering, and it will generate many cross-selling opportunities
Marco Gerosa
Regional Managing Director of Azelis Italy
The acquisition of CAME will enable Azelis to expand its field of activities into the friction market as well as strengthening its presence in CASE, personal care and rubber & plastic additives (R&PA). All CAME's employees will be joining Azelis, including two of the owners, Mrs. Verena Cepparulo and Mr. Gianni Minetto.
Mrs. Verena Cepparulo, Founder and Managing Director of CAME, said: “We are very excited about this new chapter in our company history. Joining Azelis will allow us to leverage their global network and high operational standards, and due to very interesting synergies it will also provide us with access to additional market sectors where we were not present before. We now have an opportunity not only to ensure security and continuity of our business, but to diversify it as well.”
Marco Gerosa, Regional Managing Director of Azelis Italy, commented: “CAME has an excellent reputation in the market and we are delighted to welcome them to Azelis. The company is known for the high service levels they provide to customers and comprehensive product portfolio in friction. The acquisition of CAME will increase our market presence and overall product offering, and it will generate many cross-selling opportunities. There is an excellent strategic fit that allows us to provide an expanded product offering and customer reach on one side, while making us more attractive to our existing principals on the other.”
Azelis has made a few significant acquisitions in Italy in recent years, including Ametech in 2016 and Deafarma in 2019. Azelis has a strong focus on application development and innovation and runs more than 60 application laboratories worldwide, serving CASE, personal care and R&PA customers, amongst others.
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,200 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to about 40,000 customers, creating a turnover of €2.15 billion (2019).
Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com