Azelis announced that it has reached an agreement to acquire 100% of the shares of Chemical Partners and Chempart Polymers’ entities in Lebanon and Belgium. The company is an independent distributor of specialty chemicals with a strong foothold in the industrial chemicals market, particularly in CASE and R&PA, in Africa and the Middle East.

Chemical Partners represents a strategic acquisition to strengthen Azelis’ lateral value chain (LVC) in industrial chemicals following the acquisition of Umongo earlier this year, providing the group with a strong portfolio of products and expertise spanning the key end markets in industrial chemicals in the region (CASE, R&PA and L&MWF).

In addition, the acquisition expands Azelis’ geographical footprint, with Chemical Partners present in more than 30 countries across the Middle East and Africa, including the Levant and Sub-Saharan Africa, providing further opportunity for growth.

Founded in 1995, Chemical Partners has grown to become one of the leading distributors of specialty chemicals in Africa and the Middle East. The company has long-standing relationships with top-tier principals, and serves a diversified customer base. Chemical Partners also provides technical advice to its customers, and shares the same commitment to innovation and sustainability as Azelis.

As part of the transaction, the core management team of Chemical Partners will continue to lead the business and support the integration into Azelis. The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.

“We very much look forward to welcoming Chemical Partners to the Azelis family,” Dr. Hans-Joachim Müller, Azelis CEO, said. “This acquisition is an important milestone in our strategy to reinforce our market leadership in the region. Chemical Partners is a very strong fit to our product portfolio and geographical footprint, significantly strengthening our LVC and positioning us to service more customers and grow with our principals. I look forward to seeing our teams join forces and everything that they will accomplish together.”

“After growing the business over the last 25 years, we are delighted to take the next step in our journey and join the Azelis team, furthering the growth of Chemical Partners,” added Ralph Raffoul, managing director at Chemical Partners.
“Azelis’ approach to innovation and sustainability, along with their proven customer intimacy, align perfectly with our mission. We look forward to combining our many strengths to bring the best opportunities to the region.”

“Their exemplary expertise, diverse customer base and strong relationships complement the organic growth of Azelis,” Anna Bertona, CEO and president Azelis EMEA, said. “I have no doubt that Chemical Partners will thrive even more within our team, in close collaboration with Chris Sacy, who leads our operations in Africa and the Middle East, and who himself joined the Azelis family via the acquisition of Orkila in 2020.”

“We are very excited to become part of Azelis as we both share the same ambition to deliver to our customers high quality specialty chemicals and food ingredients, innovative solutions, technical expertise and a high standard of logistical service,” Raja Wakil, managing director at Chempart Polymers, noted. “While we have a long and established presence in various segments, including plastic additives in the Middle East and Maghreb, Azelis’ unique platform will be an opportunity for us and for our principals to serve the wider region.”

“We are all very happy to have Chemical Partners joining Azelis, and to welcome their team, principals and customers,” Chris Sacy, MEA managing director at Azelis, added. “Chemical Partners has a strong reputation and benefits from longstanding relationships in the region. They are the ‘go to’ distributor in segments such as CASE and plastic additives, and therefore a great fit with the existing LVC of Azelis.”