CleanTec Industry News

Colombia. Colombian specialty chemicals company, Localpack, which provides solutions for the cleaning and disinfection industry, has been acquired by Azelis, a European supplier specializing in the food ingredients and specialty chemicals industry.

This acquisition represents a strategic expansion of the Azelis Group's presence, consistent with its growth objectives in the region.

Localpack is one of the main distributors of specialty chemicals in the Colombian market. The company employs 27 people and operates an application lab near the city of Medellin, serving customers throughout Colombia. Localpack's long-standing relationships with global and regional directors, and the technical product expertise it has developed over the years, expand Azelis' lateral value chain throughout Latin America. This expansion will enable Azelis to better serve customers and accelerate its growth in the region.

The transaction follows several key initiatives in Latin America by Azelis in recent years, including the establishment of a regional innovation center (RIC) in Mexico in 2022, the acquisition of ROCSA S.A. in Colombia in 2022 and Vogler Ingredients Ltda. in Brazil earlier this year.

Todd Cottrell, CEO of Azelis Americas, comments: "The acquisition of Localpack provides Azelis with a partner with a strong product portfolio and track record of performance in Colombia. This transaction expands our customer base and relationships with key core partners that are aligned with our strategic vision for the region. The Localpack team shares our commitment to innovation and we look forward to continuing towards our goal of becoming the preeminent provider of innovation and solutions for our clients and managers in Latin America."

Nicolas Fernandez, CEO and co-founder of Localpack, adds: "We are a great cultural fit with Azelis and share a common set of core values. Our focus on specialty chemicals, long-lasting relationships, and a consistent technical-commercial approach in the market have allowed Localpack to position itself as a reliable and valuable partner for our customers in Colombia, while contributing significantly to our principals' business. By leveraging Azelis' strong network and leadership in sustainability, digitalization and innovation, Localpack will be able to thrive and better support the mission of our employees, customers and directors. We look forward to joining the Azelis team and bringing significant value to Azelis' growth strategy in the region."

Eduardo Salinas, Managing Director, Latin America, Azelis, comments: "The Localpack team is an outstanding group of professionals who will bring significant value to Azelis. Their experience in the markets served, their work ethic, their enthusiasm and their customer focus fit perfectly with our values. This strategic acquisition further demonstrates our commitment to becoming the leading provider of innovation and solutions for our customers and managers. We look forward to welcoming Localpack to the Azelis family."

The transaction is expected to close in early Q1 2024 after meeting customary closing conditions.