Speciality chemicals firm Azelis says that it has signed an agreement to acquire 100% of the shares of Dagalti Kauçuk San. (Dagalti), a specialty chemicals distributor active in the Turkish rubber and plastics additives (R&PA) market.
The acquisition of Dagalti strengthens Azelis’ R&PA footprint in Turkey. Dagalti’s extensive product portfolio strategically complements the group’s lateral value chain in industrial chemicals, enhancing the offerings and technical expertise Azelis provides to customers.
Established in 1980, Dagalt has grown to be a leader in rubber and rubber additives in the domestic market. With 14 employees, Dagalt supports over 400 customers with products and expertise. CEO Sadik Dagalt will continue leading the business to ensure a smooth transition into Azelis.
The transaction expects to close at the end of the third quarter, after fulfilment of customary closing conditions.
Sadik Dagalti, Dagalti CEO, commented: “Azelis’ focus on innovation, sustainability and digitalisation will trigger additional growth impulses at Dagalti. We’re excited to become part of the Azelis family and see many synergistic opportunities that will help secure our future. Dagalt has longstanding relationships with principals and customers, and we’re confident that with Azelis, these relationships will only flourish.”
Sertaç Sürür, Managing Director Azelis Turkey, adds: “Through the acquisition of Dagalti, we are very pleased to strengthen our lateral value chain and reinforce Azelis’ position in Turkey as a leading specialty innovation service provider. I look forward to working with Sadik Dagalti and the experienced team to leverage their R&PA expertise and further grow the company.”
Brussels-bsed Azelis is a service provider in the specialty chemical and food ingredients industry present in over 50 countries across the globe with around 2,800 employees, offering complementary products to more than 45,000 customers.