Italy: Extended Product Basket in Speciality Chemicals Azelis Acquires Ametech
Azelis, a global speciality chemicals distributor, announced that it has agreed to acquire 100 % of Milan-based Ametech, a distributor of speciality chemicals for agrochemical and fertiliser formulations, feed and veterinary, polymerisation in emulsion, industrial applications and other markets.
Krefeld/Germany - Ametech is offers agrochemicals for the distribution of adjuvants and surfactants and employs around 30 employees who will all become part of the Azelis Group. With its EMEA coverage, Ametech serves mainly small and medium sized formulators, which account for 30 % of the total market. Representing and promoting a number of leading and innovative producers of speciality additives, Ametech’s portfolio fits extremely well with the Azelis strategy and current portfolio.
Dr Hans Joachim Müller, Azelis CEO, comments: “The acquisition of Ametech will allow Azelis to expand into this high performing sub-sector within the agricultural industry, a key market, in which we have had limited presence in the past. Ametech’s strong track record in product innovation and formulation, which has enabled them to grow faster than the market, perfectly complements our focus on the technical knowledge, laboratory formulation and application support to our customers.”
In addition to its core business of crop protection, Ametech is also active in the following markets, among others: metal working & cleaning, textiles, monomers for emulsion polymerisation, and homecare.