Azelis enters Israel with the acquisition of Orokia
17 July 2020
Azelis, a leading distributor of specialty chemicals and food ingredients, is thrilled to announce that it has signed an agreement to acquire Orokia Israel Ltd (‘Orokia’), a specialty chemicals distributor in Israel active in multiple market segments. Created in 2005, Orokia represents blue chip principals and serves industries such as agrochemicals, animal nutrition, personal care, food, pharmaceuticals and industrial chemicals. Orokia employees will all move to Azelis.
Highlights & rationale
- With the acquisition of Orokia Azelis enters into a highly attractive market that will allow it to expand its global coverage and serve the local Israeli market.
- Being part of Azelis, Orokia will benefit from an increased geographic market coverage, robust international structure, large customer, and supplier base as well as award-winning formulation and application development capabilities.
- The acquisition is consistent with Azelis’ corporate strategy of complementing organic growth with strategic acquisitions.
Anna Bertona, CEO & President, Azelis EMEA, remarks:
“Orokia, and its forerunners, have been present in the Israeli market for almost four decades, during which time the company has built up a strong market presence, counting major global players among the principals represented and serving more than 200 customers. Orokia has historical relationships with most of its principals and in most cases enjoys contractual positions as exclusive distributor. Orokia’s employees possess an extensive knowledge of the Israeli market and most have been with the company for many years. This acquisition will bring an abundance of cross-selling opportunities to expand the business with our existing long-standing and trusted partners. For all these reasons, we are very excited about Orokia joining Azelis.”
Liliane Halimi, Managing Director at Orokia, adds:
“Becoming part of a strong international player such as Azelis will bring considerable added value to our offering in the local market, especially in our core areas of application and formulation support, which are pivotal to success in specialty chemicals. We will also benefit from Azelis’ strong international infrastructure and access to additional customers and suppliers. In short, we see many growth synergies and we are confident that we are entering a thriving new chapter in the history of our company.”
The acquisition of Orokia illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.