December 14 2023, David R Brown
Azelis strengthens footprint in Latin America with the acquisition of Localpack in Colombia
Azelis, a leading global distributor of specialty chemicals and food ingredients industry, is to acquire Localpack S.A., a specialty chemical distributor active in both the life sciences and industrial chemicals segments in Colombia. The acquisition represents a strategic expansion of the Group's footprint, consistent with its growth objectives in the LATAM region.
The Localpack team is an outstanding group of professionals that will bring significant value to Azelis
Eduardo Salinas
Managing Director of Azelis Latin America
Localpack is one of the leading specialty chemical distributors in the domestic Colombian market. The company employs a staff of 27 people, and operates an application laboratory close to Medellin, serving customers across Colombia. Localpack's long-standing relationships with global and regional principals, and the technical product expertise that it has built over the years, expand Azelis' lateral value chain across Latin America. This expansion will allow Azelis to serve customers better and accelerate its growth in the region.
Todd Cottrell, CEO, Azelis Americas, commented: “The acquisition of Localpack brings Azelis a partner with a strong product portfolio and performance track record in Colombia. This transaction expands our customer base and relationships with key principal partners who are aligned with our strategic vision for the region. The Localpack team shares our commitment to innovation, and we look forward to continuing towards our goal of becoming the preeminent provider of innovation and solutions for our customers and principals in Latin America.”
Nicolás Fernández, CEO and co-founder of Localpack, added: “We have very good cultural fit with Azelis and we share a common set of core values. Our focus in specialty chemicals, long-standing relationships, and a consistent technical-commercial approach to market has allowed Localpack to position itself as a reliable and valuable partner for our customers in Colombia, while contributing significantly to the business of our principals. .”
The transaction follows several key initiatives in Latin America by Azelis in recent years, including the establishment of a regional innovation center (RIC) in Mexico in 2022, the acquisition of ROCSA S.A. in Colombia in 2022, and Vogler Ingredients Ltda. in Brazil earlier this year. The addition of Localpack's portfolio of products and capabilities marks another significant milestone in Azelis' growth strategy in the region.
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 67 countries across the globe with over 3,800 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 59,000 customers, supported by ~2,700 principal relationships, creating a turnover of €4.1 billion (2022). Azelis Group NV is listed on Euronext Brussels under ticker AZE.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com