Azelis Reinforces Its Leadership in the Italian Personal Care Market With the Acquisition of Eurotrading S.p.A

Rhea-AI Summary

Azelis, a leading specialty chemicals provider, has announced the acquisition of Eurotrading S.p.A, a notable distributor in the personal care market in Italy. This 100% share acquisition is set to enhance Azelis' presence in the Italian personal care sector, expanding its product offerings in actives, emollients, and emulsifiers. The transaction is expected to close in Q4 2023. Eurotrading has over 500 customers and a strong technical team, which will integrate into Azelis, driving growth and operational synergies.

Positive

• Acquisition of Eurotrading enhances Azelis' market leadership in Italy's personal care sector.
• Strengthens Azelis' product portfolio with Eurotrading's extensive range of specialty chemicals.
• Expected to drive growth and create operational synergies across Italy and EMEA.

Negative

• None.

ANTWERP, Belgium--(BUSINESS WIRE)-- Regulatory News:

Azelis (Brussels:AZE), a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Eurotrading S.p.A (“Eurotrading”), one of the leading distributors of specialty chemicals to the personal care market in Italy.

The acquisition reinforces Azelis’ leading footprint in the thriving Italian market for personal care, as well as in the broader life sciences segment. Eurotrading’s extensive product portfolio in actives, emollients and emulsifiers further enhances the Group’s lateral value chain and solidifies its market leadership in the local personal care industry.

Founded in 1996, Eurotrading has developed into one of the leading distributors of personal care raw materials (skin care, sun care, fragrances and hair care), with a strong product portfolio from the largest global and regional principals. The company provides innovative formulations to about 500 customers, leveraging an application laboratory near Padova, in the northeast of the country. Eurotrading’s strong team of more than 30 technical staff, including experienced senior management, will join Azelis, and will continue supporting the business during and after integration. The transaction is expected to close in the fourth quarter of this year, after fulfilment of customary closing conditions.

Marco Nicolato, CEO Eurotrading, comments:

“We are thrilled to join the Azelis team, as it clearly opens new, synergistic opportunities. Becoming part of a larger, international organization offers great development, both for our team and for our customers and principals. We will also benefit from Azelis' reputation in sustainability, with EcoVadis Platinum rating and 1st place in Sustainalytics ranking, which are very important to our principals and customers in the personal care industry. We look forward to combining our strengths and creating a stronger business together.”

Marco Gerosa, Managing Director Azelis Italy, adds:

“Joining forces with Eurotrading furthers our growth in the personal care market across Italy and EMEA. In partnerships with leading international principals, Eurotrading offers innovative solutions that perfectly complement Azelis’ product portfolio, and their strong technical sales team will bring great contributions to the business. We look forward to welcoming the Eurotrading team and delivering added value for our principals and customers.”

About Azelis

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 57 countries across the globe with over 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). Azelis Group NV is listed on Euronext Brussels under ticker AZE.

Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers’ product development process. We combine a global market reach with a local footprint to offer a reliable, integrated and unique digital service to local customers and attractive business opportunities to principals. EcoVadis Platinum rated, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220928005982/en/

Azelis

Emmanuel Linares

EMEA Corporate Communications Manager

T: +33 1 89 54 89 39

E: emmanuel.linares@azelis.fr

Source: Azelis

FAQ

What is the purpose of Azelis' acquisition of Eurotrading?

The acquisition aims to enhance Azelis' market presence in Italy's personal care sector and strengthen its product offerings.

When is the Eurotrading acquisition expected to close?

The acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions.

How does the Eurotrading acquisition affect Azelis' product portfolio?

The acquisition adds Eurotrading's extensive product range of actives, emollients, and emulsifiers, strengthening Azelis' offerings.

What impact does the acquisition have on Azelis' operations?

The integration of Eurotrading's team and resources is expected to drive growth and operational synergies across Azelis' business.

Who are the key players involved in the Azelis and Eurotrading deal?

Marco Nicolato, CEO of Eurotrading, and Marco Gerosa, Managing Director of Azelis Italy, are key figures in the acquisition.