Azelis, a distributor of specialty chemicals and food ingredients, has signed an agreement to acquire 100% of the outstanding shares of Megafarma, a premier Mexican specialty distributor for pharma, food and veterinary industries.
Headquartered in Mexico City, the company represents some of the world’s most renowned raw material producers and serves a large number of customers in all Mexican regions. The integration of Megafarma will give Azelis access to a promising market and creates a strong platform for growth in the global specialty chemicals and food ingredients distribution business.
Highlights & rationale
- Azelis enters Latin America with the acquisition.
- Acquiring Megafarma enables Azelis to gain a strong position in the pharma and food segments in Mexico, and build into other market segments, such as plastics, foam, CASE, personal care, and household & industrial cleaning.
- This transaction is consistent with Azelis’ corporate strategy of sustainable organic growth, complemented by strategic acquisitions.
Megafarma was founded in 1973 to fill the needs of a growing Mexican pharmaceutical market. The company grew gradually over the years and has become a well-known player in the pharma and food markets in Mexico. The headquarters of the company is located in Mexico City, and Megafarma also has presence in Guadalajara and Monterrey. The transaction is expected to be completed within the next month.
Dr Hans Joachim Müller, Azelis CEO & President, said: “Being the most populous country in the Americas after the United States and Brazil and with a large specialty chemicals market, Mexico is an excellent entry point into the Spanish speaking part of America, where Azelis was not yet present. Local presence in Mexico will allow us to add new mandates of food and pharma principals we already work with in other geographies.”
Frank Bergonzi, Azelis Americas CEO & President, said: “Through the acquisition of Megafarma, Azelis Americas will increase its Life Sciences footprint and will have the platform to bring other Azelis key market segments into Mexico, such as Plastics, Foam, CASE, Personal Care, and Homecare & Industrial Cleaning. We are excited to have the Megafarma employees join the Azelis Americas family, with the team and all operations remaining in place.”
Azelis Americas is a specialty chemicals and food ingredients distributor in North America. With headquarters in Westport, CT, it serves customers and principals both in the United States and Canada.