Transactions

sale of oktrade

Belgium-based Azelis SA, one of world’s leading specialty chemicals and food ingredients distributors acquired Oktrade, Turkey’s leading specialty chemicals distributor.

Ventura Partners acted as the exclusive financial advisor to the shareholders of Oktrade on the transaction.

Established in Istanbul in 2017, Oktrade distributes specialty chemicals for personal care and cosmetics industries. Oktrade has exclusive representation for over 20 global chemical manufacturers worldwide.

Founded in Belgium in 2001, Azelis distributes specialty chemicals and food ingredients in 56 countries. With its 4,200 employees and 63,000 customers, Azelis generates annual revenues of about €4.2 billion. Azelis had previously entered the Turkish market through its acquisitions of Tara Kimya, Ekin Kimya, Tunckaya and Ak-tas in Turkey.