Azelis Reinforces Its Leadership in the Italian Personal Care Market With the Acquisition of Eurotrading S.p.A
29 Septiembre 2022 - 12:00AM
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
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Azelis Emmanuel Linares EMEA Corporate Communications
Manager T: +33 1 89 54 89 39 E: emmanuel.linares@azelis.fr