An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Azelis has announced the acquisition of 100% of Lidorr Elements, a leading specialty chemical distributor in Israel, enhancing its presence in the region. This strategic move expands Azelis’ lateral value chain in Agricultural & Environmental Solutions and Advanced Materials & Additives. Lidorr’s extensive product portfolio strengthens Azelis’ offerings to over 400 customers, including major Israeli manufacturers and retailers. Founded in 1970, Lidorr has a strong operational base, including 90 employees and a logistics facility in Beit Shemesh. The acquisition is expected to create synergies, improve customer service, and provide new business opportunities in crop protection and personal care.
Positive
Acquisition enhances Azelis' presence and expertise in Israel.
Strengthens lateral value chain in Agricultural & Environmental Solutions and Advanced Materials & Additives.
Access to Lidorr's extensive product portfolio broadens Azelis' offerings to over 400 customers.
Potential synergies expected to improve customer service and relationships with principals.
Azelis (Brussels:AZE), a leading global 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 Lidorr Elements (‘Lidorr’), one of Israel's leading specialty chemical distributors in crop-protection, industrial materials, and care & nutrition.
The acquisition expands Azelis’ footprint in Israel, further building on its growing network in the region following the acquisition of Orokia in 2020. Lidorr’s wide portfolio of hundreds of products significantly strengthens Azelis’ lateral value chain in the Agricultural & Environmental Solutions as well as in Advanced Materials & Additives market segments.
Lidorr was founded in 1970 by Zvi Lidorr and is managed to this day by his son and daughter, Ami Lidor and Vered Lidor-Mary. Headquartered in the Ramat Hasharon, a suburb of Tel Aviv, the company also has a logistics and laboratory facility in Beit Shemesh in the south of the country. With this acquisition, Azelis significantly strengthens its presence and expertise with a team of 90 employees, including 35 technical sales experts, serving over 400 customers in Israel, among which are Israel's top manufacturers and retailers.
Ami Lidor, CEO of Lidorr Elements, comments:
“We are delighted to join Azelis and bring over 50 years of excellence in the Israeli market so that we can prosper together. By accessing Azelis' technical and digital capabilities, we will be able to further develop and promote innovative and sustainable solutions for our customers. Joining the Azelis family offers many opportunities for synergies that will enable us to serve our customers and principals better, and outperform in the future.”
Anna Bertona, Regional CEO Azelis EMEA adds:
“The acquisition of Lidorr Elements is a great opportunity for Azelis to strengthen its presence in Israel in our common markets of agriculture, industrial materials and personal care. This transaction will not only provide us with many business opportunities in crop protection, polymers, and care & nutrition, but also reinforce our relationships with our long-lasting and historical principals within EMEA.”
- END –
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 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). 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.
What is the purpose of Azelis' acquisition of Lidorr Elements?
The acquisition aims to enhance Azelis' presence in Israel and strengthen its offerings in the specialty chemicals market.
What are the expected impacts of the acquisition on Azelis' operations?
The acquisition is expected to create synergies, improve customer service, and provide new business opportunities in crop protection and personal care.
When was Lidorr Elements founded?
Lidorr Elements was founded in 1970.
How many employees does Lidorr Elements have?
Lidorr Elements has a team of 90 employees.
What markets will Azelis and Lidorr serve together after the acquisition?
Azelis and Lidorr will serve agriculture, industrial materials, and personal care markets.
What is Azelis' stock symbol?
Azelis is listed under the stock symbol AZE on Euronext Brussels.
