Specialty chemicals distributor Azelis has acquired acquisition of Finkochem, a Serbian company specializing in the sales and distribution of a wide range of raw material for the food, chemical industries (detergents and homecare), plastics additives, metallurgy and rubber.

With this strategic acquisition in Serbia, Azelis said it has gained the capacity to accelerate growth within their Food & Health, Personal Care and Chemical Industries business lines in the region.

In particular, the combination with its existing operations in Croatia, will allow Azelis far greater access to markets in the region and will improve service levels for suppliers and customers of the group.