Oil additives business line of Ak-taş will continue its activities within Azelis TR maintaining its staff and current product portfolio as of October 4, 2022.
Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, reinforces its industrial chemicals footprint in EMEA by acquiring the specialty lubricant distribution assets of Ak-taş.
The acquisition, which covers the oil additive business of Ak-taş and base oil distribution business of its subsidiary WhiteChem, further strengthens Azelis’ lateral value chain (LVC) in the L&MWF (Lubricant & Metal Working Fluids) market segment, following the acquisition of Umongo in South Africa earlier this year. Oil additives business line of Ak-taş will continue its activities within Azelis TR maintaining its staff and current product portfolio as of October 4, 2022.
Azelis EMEA CEO and President Anna Bertona noted that with this acquisition, they took an important step to develop the L&MWF market in EMEA. Underlining that as a company, they have a clear strategy to further grow their presence in this segment, Bertona said, “With this acquisition we have all key building blocks at our disposal.”
Chairman of Ak-taş Muharrem Aktaş concluded that they opened a new and safe road for the additive and base oil distribution business. “We are confident that with Azelis we have found the right partner to continue growing the business based on these key ingredients for success,” said Aktaş in his statement.