10.02.19
Azelis said it signed an agreement to acquire specialty chemicals and food ingredients distributor Orkila.
Headquartered in Beirut, Lebanon, the Orkila group runs offices in 13 countries and is active in more than 30 countries in the region.
Orkila serves several thousand customers across Africa and the Middle East, ranging from major multinationals to smaller local producers.
Through this transaction, Azelis intends to acquire 100 percent of Orkila, with more than 220 employees joining the Azelis team.
To ensure business continuity, Audrey Sacy Aris and Christophe Sacy, as well as other senior managers, will continue to run the operations going forward.
Orkila also offers accredited laboratory testing coupled with the ability to develop and introduce innovative products, create and enhance formulations and assist the clients’ pursuit of growth and improved performance.
“We have been impressed by Orkila’s committed management, the similarity of our business models and excellent cultural fit," Azelis CEO and president Dr. Hans Joachim Müller said. "We know that many of our principals are currently looking into strengthening their activities in Africa."
“After almost 15 years of growing on a stand-alone basis, it is time for us to move into global waters," said Antoine Sacy, founder, chairman and CEO of Orkila. "It will enable us to continue to thrive under their ownership, securing unparalleled service to our customers, superior growth for our principals and a highly rewarding work environment for our employees."
Headquartered in Beirut, Lebanon, the Orkila group runs offices in 13 countries and is active in more than 30 countries in the region.
Orkila serves several thousand customers across Africa and the Middle East, ranging from major multinationals to smaller local producers.
Through this transaction, Azelis intends to acquire 100 percent of Orkila, with more than 220 employees joining the Azelis team.
To ensure business continuity, Audrey Sacy Aris and Christophe Sacy, as well as other senior managers, will continue to run the operations going forward.
Orkila also offers accredited laboratory testing coupled with the ability to develop and introduce innovative products, create and enhance formulations and assist the clients’ pursuit of growth and improved performance.
“We have been impressed by Orkila’s committed management, the similarity of our business models and excellent cultural fit," Azelis CEO and president Dr. Hans Joachim Müller said. "We know that many of our principals are currently looking into strengthening their activities in Africa."
“After almost 15 years of growing on a stand-alone basis, it is time for us to move into global waters," said Antoine Sacy, founder, chairman and CEO of Orkila. "It will enable us to continue to thrive under their ownership, securing unparalleled service to our customers, superior growth for our principals and a highly rewarding work environment for our employees."