Transactions

Belgium-based Azelis SA, one of world’s leading specialty chemicals and food ingredients distributors acquired the specialty lubricant distribution assets of Ak-taş in Turkey.

Ventura Partners acted as the exclusive financial advisor to the shareholders of Ak-tas on the transaction.

Established in Istanbul in 1989, Ak-tas supplies numerous petrochemicals from prominent global producers and distributes bulk or packaged chemicals to various sectors in Turkey and neighboring countries.

Founded in Belgium in 2001, Azelis distributes specialty chemicals and food ingredients in 56 countries. With its 3,000 employees and 45,000 customers, Azelis generates annual revenues of about €2.5 billion. Azelis had previously entered the Turkish market through its acquisitions of Tara Kimya, Ekin Kimya and Tunckaya in Turkey.