Azelis, a specialty chemicals service provider, has acquired the specialty lubricant distribution assets of Ak-taş in Turkey.
The acquisition strengthens Azelis’ lateral value chain in the specialty lubricant market segment.
Anna Bertona, CEO of Azelis, adds, “Acquiring the distribution assets of Ak-taş and WhiteChem allows us to develop critical mass in the L&MWF market in EMEA. We have a clear strategy to grow our presence in these specialty segments, and with this acquisition, we have all key building blocks at our disposal. Having already worked with Ak-taş in the past when we acquired Ekin Kimya from them in 2019, we have developed a close relationship based on similar values and technical focus. We look forward to welcoming them into the Azelis family and together growing the L&MWF business of Azelis.”