December 16 2019, David R Brown
Azelis enters Latin America with the acquisition of Megafarma
Azelis, a leading distributor of specialty chemicals and food ingredients, has agreed to acquire 100% of the outstanding shares of Megafarma, a leading Mexican specialty distributor for pharma, food and veterinary industries. The acquisition gives Azelis an entry into the Latin America market and a route to other market segments, such as plastics, CASE, personal care and household and industrial cleaning.
Through the acquisition of Megafarma, Azelis Americas will increase its Life Sciences footprint and will have the platform to bring other Azelis key market segments into Mexico
Frank Bergonzi
Azelis Americas CEO & President
“Being the most populous country in the Americas after the US and Brazil and with a large specialty chemicals market, Mexico is an excellent entry point into the Spanish-speaking part of America, where Azelis was not yet present,” says Dr Hans Joachim Müller, Azelis CEO and president. “Local presence in Mexico will allow us to add new mandates of food and pharma principals we already work within other geographies.”
Megafarma was founded in 1973 to fill the needs of a growing Mexican pharmaceutical market. The company grew gradually over the years and has become a well-known player in the pharma and food markets in Mexico. The company is headquartered in Mexico City, and also has presence in Guadalajara and Monterrey. The transaction is expected to be completed within the next month.
Frank Bergonzi, Azelis Americas Chief Executive Officer & President, added, “We have been impressed by the business model and the strong management team at Megafarma. They are financially solid and have shown a very strong track record over the years, with double-digit sales growth between 2016 and 2018. Like Azelis, they are highly focused on specialties. Our expectation is to expand the strategic supplier relationships we have in the US and Canada in the food and pharma segments. Through the acquisition of Megafarma, Azelis Americas will increase its Life Sciences footprint and will have the platform to bring other Azelis key market segments into Mexico, such as Plastics, Foam, CASE, Personal Care, and Homecare & Industrial Cleaning. We are excited to have the Megafarma employees join the Azelis Americas family, with the team and all operations remaining in place.”
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 40 countries across the globe with around 2,000 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 about 40,000 customers, creating a turnover of €1.94 billion (2018). In the US we operate under a number of renowned co-brands in the personal care market segment.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com