Azelis Group Explained

Azelis Group
Industry:Chemicals and Food Ingredients
Founded:2001
Hq Location City: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. Web site: MarketScreener . Azelis : Press Release (EN) MarketScreener . 2023-05-05 . www.marketscreener.com . 15 March 2022 . en.
  2. News: 2023-02-14 . Activist Investor Engine Capital Calls On Brenntag to Split . en . Bloomberg.com . 2023-05-09.
  3. Web site: Reyns . Jan . Internationale specialisten bieden groeipotentieel . 2023-05-09 . De Standaard . nl-BE.
  4. News: 2021-09-06 . UPDATE 1-EQT-owned chemical firm Azelis to seek $1 bln in Brussels listing . en . Reuters . 2023-05-05.
  5. Web site: PIE-TICKER: Azelis acquires Benelux distributor Plasteurope.com . 2023-05-09 . www.plasteurope.com.
  6. Web site: 19 June 2018 . Zweedse miljardairs dicht bij overname Antwerpse Azelis .
  7. Web site: Azelis gains important foothold in Nordic region Azelis . 2023-05-09 . www.azelis.com.
  8. Web site: 3i Kicks Off Azelis Chemicals Sale CHEManager . 2023-05-05 . www.chemanager-online.com.
  9. Book: Private Equity-Yearbook 2007 . Joachim Majunke . 978-3-00-024756-9 . de.
  10. Web site: AZELIS: Rebranding scheme for 36 subsidiaries / All group companies to trade under one name Plasteurope.com . 2023-05-05 . www.plasteurope.com.
  11. Web site: Azelis lists on Euronext Brussels euronext.com . 2023-05-05 . www.euronext.com.
  12. News: 2021-09-16 . Chemical Firm Azelis Jumps After $2.1 Billion Brussels IPO . en . Bloomberg.com . 2023-05-05.
  13. Web site: 2 March 2023 . Azelis rondt kaap van 4 miljard euro omzet . De Tijd.
  14. Web site: 15 November 2022 . Belegger tobt over vage outlook Azelis . De Tijd.

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