Azelis, the global distributor of speciality chemicals and food ingredients, has completed the acquisition of Megafarma.
Headquartered in Mexico City Megafarma is the premier speciality chemicals and food ingredient distributor in Mexico. The company also operates two additional facilities in Guadalajara and Monterrey.
Since 1973 Megafarma has served the food, pharma and veterinary markets across the country.
The signing of the deal was announced in December and ushers in Azelis' expansion into the Latin America region, thereby enabling Azelis to gain a strong position in the pharma and food segments in Mexico, as well as build into other market segments, such as plastics, foam, CASE, personal care, and household and industrial cleaning.
Following the Megafarma acquisition, Azelis foresees to expand the strategic supplier relationships the company has in the US and Canada in the food and pharma segments.
"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 and industrial cleaning. We are excited to have the Megafarma employees join the Azelis Americas family, with the team and all operations remaining in place," Frank Bergonzi, CEO and President, Azelis Americas said in December.
Azelis Americas is headquartered in Westport, CT, and serves customers and principals in the United States, Canada and Mexico.