June 20 2022, David R Brown
Azelis expands into South America with the acquisition of ROCSA in Colombia
Azelis, a leading global distributor and service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire a majority stakeholding in ROCSA Colombia S.A., a renowned specialty chemical distributor active in both life sciences and industrial chemical markets in South America. The acquisition represents a strategic expansion of the group's footprint, reinforcing its platform to execute its growth strategy in the region.
Through the acquisition of ROCSA, we are proudly entering into South America with a market-leading companyDr. Hans Joachim Müller
CEO of Azelis
Dr. Hans Joachim Müller, Azelis Chief Executive Officer, commented: “Through the acquisition of ROCSA, we are proudly entering into South America with a market-leading company. This strategic platform provides Azelis with significant foothold in the market, as well as the opportunity to expand with our customers and principals, in-line with our strategic vision in the region. Together, our combined capabilities and expertise will bring forth a compelling range of new and innovative solutions.”
ROCSA is one of the leading specialty chemical distributors in Colombia, with a rapidly-growing presence in Peru and Central America. It is active in the life sciences market, primarily in Food & Nutrition, Personal Care, and Home Care & Industrial Cleaning, as well as in industrial chemicals, with a strong presence in CASE (coatings, adhesives, sealants, elastomers) and Plastic Additives. With over 130 employees, including a strong and experienced sales force and logistics team, the company serves 1,900+ customers from its headquarters in Colombia and four other offices across the region.
This acquisition allows Azelis to accelerate its growth in the region and follows the recent establishment of the group's regional innovation center in Mexico. In addition ROCSA's long-standing relationships with global strategic principals, as well as large domestic and regional suppliers, expands Azelis' product portfolio and capabilities and represents a significant milestone in Azelis' strategy in South America.
Carlos Yaipen, CEO at ROCSA Colombia S.A., added: “We are looking forward to joining forces with the Azelis team, to serve our customers and principals even better, and expand in the region together. Our market-leading regional expertise together with Azelis' strong global network brings us a powerful international reach, which will benefit our diverse range of principals and customers. We look forward to leveraging Azelis' leadership in sustainability, digitalization and innovation, and we're confident that ROCSA will thrive under Azelis' ownership.”
The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 3,000 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 more than 51,000 customers, supported by ~2,300 principal relationships, creating a turnover of €2.8 billion (2021).
Source(s): Azelis Press Release