Azelis Acquires Italy’s Eurotrading
Azelis has entered into an agreement to buy Eurotrading, an Italian specialty chemicals distributor with an extensive product portfolio in actives, emollients and emulsifiers.
Based in Veggiano, Eurotrading has about 32 employees and operates three R&D laboratories. Azelis said the acquisition reinforces its leading footprint in the thriving Italian market for personal care, as well as in the broader life sciences segment.
Marco Gerosa, managing director at Azelis Italy, commented: “Joining forces with Eurotrading furthers our growth in the personal care market across Italy and Europe, Middle East and Africa. 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.”
Financial terms of the deal, which is expected to close in the fourth quarter of 2022, were not disclosed. All staff will transfer to Azelis once the transaction has completed.
Azelis’s last acquisition in Italy was in January 2021 when it agreed to take over Came Chemical Mineral and Engineering. Came specialized in distributing chemicals for friction and sintering applications, coatings, adhesives, sealants and elastomers (CASE), and cosmetics.
Author: Elaine Burridge, Freelance Journalist
