Pharmaceutical & Cosmetic Review Africa Q4 2019

Page 20

PERSONAL CARE

Tapping into Africa’s enormous growth potential

By acquiring Orkila, Azelis is set to become a leading specialty chemical distributor in Africa and the Middle East. The company announced in October it had signed an agreement with Orkila to purchase 100 percent of its business.

H

eadquartered in Beirut, Lebanon,

care and food customers. Orkila also offers accredited laboratory testing coupled with the ability to develop and introduce innovative products, create and enhance formulations and assist customers in their pursuit for growth and

The acquisition brings Azelis’

improved performance.

the Orkila group has offices in

innovation and formulation potential and

13 countries and is active in more

international reach together with Orkila’s

president of Azelis, comments: ‘We are very

than 30 countries in MEA the

excellent reputation, strong regional

excited Orkila will become part of Azelis.

presence and its expertise.

It is a well-established company, known in

region. It also represents a large number of world-class manufacturers of speciality

The transaction is expected to be

Dr Hans Joachim Müller, CEO and

Africa and the Middle East for its high-

chemicals and food ingredients which

completed within the first quarter of 2020.

quality expertise and service. We have

have a strong strategic fit with Azelis’

It entails Azelis acquiring 100 percent of

been impressed by Orkila’s committed

principal base.

Orkila and for its 220+ employees to join

management, the similarity of our business

the Azelis team.

models and excellent cultural fit. We know

Orkila serves several thousand customers across Africa and the Middle

that many of our principals are currently

to smaller regional producers, all seeking

STRONG SYNERGIES AND BALANCED CAPABILITIES

speciality products that bring added

Orkila was established in 2005 and has

regional speciality distributor with the

value to their brands. These customers

grown to become a leading speciality

strength of Azelis will result in an excellent

perceive Orkila as a reliable partner

chemicals and food ingredients

and unique platform for organic growth.’

to achieve success in the vibrant and

distributor in the MEA region. It operates

growing personal care and food and

in multiple market segments, including

and CEO, adds: ‘After almost 15 years of

beverage industries.

pharmaceuticals, personal and home

growing on a stand-alone basis, it’s time

care, food, agrochemicals, animal

for us to move into global territory. Joining

economic acceleration and an improved

nutrition, paint and construction, oilfield,

a well-established international player like

business environment, providing Azelis

plastic additives and water treatment. To

Azelis will enable us to continue to deliver

and its principals with an opportunity to

ensure business continuity, Audrey Sacy

the high-quality products and services

accelerate their own growth in the region.

Aris, Christophe Sacy and other senior

our customers are accustomed to, while

With its growing middle class, the speciality

managers of Orkila will continue to run

accessing new growth opportunities.

chemicals distribution market in Africa is

operations going forward.

The acquisition will also allow us to

East, ranging from major multinationals

Africa has been experiencing

said to be one of the fastest growing in

Like Azelis, the company is very

looking to strengthen their activities in Africa. Combining the drive of a leading

Antoine Sacy, Orkila’s founder, chairman

thrive under Azelis’ ownership, securing

the world, and blue-chip raw materials

focused on promoting speciality service

unparalleled service for our customers,

producers are looking for a sizeable

offerings and has an application lab

superior growth for our principals and a

distributor in the region.

in Egypt, which serves both personal

highly rewarding work environment for our

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| QUARTER 4 2019 | P C Africa


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Pharmaceutical & Cosmetic Review Africa Q4 2019 by New Media B2B - Issuu