Azelis announces that it has signed an agreement to acquire the majority shares of ROCSA Colombia S.A., a specialty chemical distributor active in both life sciences and industrial chemical markets in South America.
The acquisition represents a strategic expansion of the group’s footprint, reinforcing its platform to execute its growth strategy in the region.
Aiming to Offer New & Innovative Solutions
Dr. Hans Joachim Müller, Azelis chief executive officer, comments, “
Through the acquisition of ROCSA, we are proudly entering into South America with a market-leading company. This strategic platform provides Azelis with a significant foothold in the market, as well as the opportunity to expand with our customers and principals, in line with our strategic vision in the region. Together, our combined capabilities and expertise will bring forth a compelling range of new and innovative solutions.”
ROCSA is one of the leading specialty chemical distributors in Colombia, with a rapidly growing presence in Peru and Central America. It is active in the life sciences market, primarily in Food & Nutrition, Personal Care, Home Care & Industrial Cleaning, as well as in industrial chemicals, with a strong presence in CASE (coatings, adhesives, sealants, elastomers) and Plastic Additives.
Given ROCSA’s long-standing relationships with global strategic principals, as well as large domestic and regional suppliers, the company’s principal portfolio and product expertise significantly expand Azelis’ lateral value chain.
Accelerate Growth in the Region
This expansion allows the group to serve customers and accelerate its growth in the region. Following the establishment of the group’s regional innovation center (RIC) in Mexico, the addition of ROCSA’s portfolio of products and capabilities is a significant milestone in Azelis’ strategy in South America.
Carlos Yaipen, CEO at ROCSA Colombia S.A., adds, “
We are looking forward to joining forces with the Azelis team, to serve our customers and principals even better, and expand in the region together. Our market-leading regional expertise together with Azelis’ strong global network brings us a powerful international reach, which will benefit our diverse range of principals and customers. We look forward to leveraging Azelis’ leadership in sustainability, digitalization and innovation, and we’re confident that ROCSA will thrive under Azelis’ ownership.”
Eduardo Salinas, managing director, Latin America, Azelis, comments, “
Having interacted with the ROCSA team, it is clear that they are an outstanding group of professionals that will bring significant value to Azelis. Their expertise in markets served, work ethic, enthusiasm, and customer focus fit perfectly with our values.”
“Through this strategic acquisition, Azelis further demonstrates our commitment to becoming the leader in specialty distribution services for our customers and principals in Latin America. We look forward to welcoming ROCSA to the Azelis family.”
The transaction is expected to close in the third quarter of 2022, after fulfillment of customary closing conditions.
Source: Azelis