Azelis Group
IndustryChemicals and Food Ingredients
Founded2001
Headquarters
Antwerp

Azelis Group is a Belgium-based distributor specializing in food ingredients and specialty chemicals, headquartered in Antwerp.[1][2] It is listed on Euronext since 2021 and has presence in Europe, the Middle East and Africa, Asia-Pacific, and the Americas.[3]

History

Azelis Group was established by the merger of Novorchem (Italy), and Arnaud (France) in 2001.[4] In 2004, Azelis acquired Benelux companies: Sibeco Group and Sepulchre.[5][6] In 2005, Azelis acquired a chemical distributor Brøste from Denmark.[7] In December 2006, 3i global finance house bought the Azelis Group from Cognetas (now Motion Equity Partners) for over €300 million.[8][9]

As of 2011, the company had 36 companies under its brand name.[10] In 2021, Azelis Group was listed on Euronext Brussels through IPO, having raised €1.77 billion with a market capitalization of €6.08 billion. Bloomberg noted that it was the biggest Belgian IPO since 2007.[11][12]

In 2022, Azelis Group made 12 acquisitions and exceeded $4 billion turnover.[13][14]

References


  1. ↑ MarketScreener (15 March 2022). "Azelis : Press Release (EN) | MarketScreener". www.marketscreener.com. Retrieved 2023-05-05.
  2. ↑ "Activist Investor Engine Capital Calls On Brenntag to Split". Bloomberg.com. 2023-02-14. Retrieved 2023-05-09.
  3. ↑ Reyns, Jan. "Internationale specialisten bieden groeipotentieel". De Standaard (in Flemish). Retrieved 2023-05-09.
  4. ↑ "UPDATE 1-EQT-owned chemical firm Azelis to seek $1 bln in Brussels listing". Reuters. 2021-09-06. Retrieved 2023-05-05.
  5. ↑ "PIE-TICKER: Azelis acquires Benelux distributor | Plasteurope.com". www.plasteurope.com. Retrieved 2023-05-09.
  6. ↑ "Zweedse miljardairs dicht bij overname Antwerpse Azelis". 19 June 2018.
  7. ↑ "Azelis gains important foothold in Nordic region | Azelis". webcache.googleusercontent.com. Retrieved 2023-05-09.
  8. ↑ "3i Kicks Off Azelis Chemicals Sale | CHEManager". www.chemanager-online.com. Retrieved 2023-05-05.
  9. ↑ Private Equity-Yearbook 2007 (in German). Joachim Majunke. ISBN 978-3-00-024756-9.
  10. ↑ "AZELIS: Rebranding scheme for 36 subsidiaries / All group companies to trade under one name | Plasteurope.com". www.plasteurope.com. Retrieved 2023-05-05.
  11. ↑ "Azelis lists on Euronext Brussels | euronext.com". www.euronext.com. Retrieved 2023-05-05.
  12. ↑ "Chemical Firm Azelis Jumps After $2.1 Billion Brussels IPO". Bloomberg.com. 2021-09-16. Retrieved 2023-05-05.
  13. ↑ "Azelis rondt kaap van 4 miljard euro omzet". De Tijd. 2 March 2023.
  14. ↑ "Belegger tobt over vage outlook Azelis". De Tijd. 15 November 2022.
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