Ten years after setting down its backpack in Morocco, the Belgian group Azelis is setting its sights on a new Moroccan PM.
This supplier of specialty chemicals and additives for the food industry is preparing to acquire Chemical Partners Maghreb SA, an SME based on the outskirts of Casablanca which achieves annual sales of nearly 50 million dirhams.
The operation, which is only awaiting the green light from the Competition Council, will complete Azelis Morocco’s product portfolio with a fairly varied range intended mainly for the paint, coating and construction industries. It will also allow the buyer to exceed the four hundred million DH revenue mark by 2025 and establish itself as the undisputed leader in Morocco in the distribution of chemical products.
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With this new target, the Azelis group will have carried out its third external growth operation in Morocco after the acquisition in 2015 of Distralim, a Moroccan SME specializing in the distribution of food ingredients and additives and the integration in 2018 of Orkila Morocco following the acquisition of Orkila Group, a chemical products distributor of Lebanese origin with a presence in North Africa and the Middle East.
These two entities absorbed respectively in 2020 and 2021, allowed Azelis Morocco to quickly take off on the Moroccan market where it has just created in Casablanca an applications laboratory dedicated to the preparation of formulas for the agri-food industry and particularly the segments dairy products and derivatives, fruits, drinks and industrial pastries.
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Remember that the Azelis group is present in more than sixty countries, including three in Africa (Egypt, South Africa and Morocco). In 2023, the group, listed on the European stock exchange Euronext, claims a consolidated turnover of 4.2 billion euros (more than 45 billion DH) for a net profit of 189 million euros (more than 2 billion of DH).
Morocco
