Recently, the intense interest of chemical companies in Europe and the USA continues with new acquisitions and partnerships. Belgian chemical company Azelis, which knows Turkey closely and makes successive acquisitions, added another Turkish company to the list.
According to the news of Dünya Newspaper, the Belgian giant who took over the specialty chemical content unit from Tunçkaya, Tara Kimya, Ekin Kimya and Aktaş Dış Ticaret, and its subsidiary Whitecem S.A., Turkey’s leading supplier of special chemicals and foodstuffs, and now Dağaltı Kaucuk. buys the company.
Dağaltı Kaucuk, a specialty chemicals distributor, was established in Istanbul in 1980. Dağaltı is known as one of the most important players in the field of rubber and rubber additives in the Turkish domestic market. Dağaltı Rubber works with more than 400 customers. The acquisition process will be completed in the third quarter of this year.
HAVE 2.5 BILLION TURNOVER
Operating in 56 countries, Azelis has entered a serious acquisition process in recent years. Azelis, which has incorporated nearly 50 companies in different geographies of the world, including Turkey, since 2018, is one of the most important chemical companies in Europe with a turnover of 2.5 billion euros and a stock market value exceeding 5 billion euros. Azelis from Singapore has close to 3,000 employees in companies spread over countries such as Singapore, Israel and India. The company’s shares are traded on Euronext Brussels.