Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire the majority shares of ROCSA Colombia S.A., a renowned 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.
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, and Home Care & Industrial Cleaning, as well as in industrial chemicals, with a strong presence in CASE (coatings, adhesives, sealants, elastomers) and Plastic Additives. With over 130 employees, including a strong and experienced sales force and logistics team, the company serves 1,900+ customers from its headquarters in Colombia and four other offices across the region.
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. 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.
The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.
Dr. Hans Joachim Müller, Azelis Chief Executive Officer, commented:
“Through the acquisition of ROCSA, we are proudly entering into South America with a market-leading company. This strategic platform provides Azelis with 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.”