11.02.15
Azelis Group will acquire Koda Distribution Group (KDG) in a deal that is expected to close by the end of the year. A purchase price was not disclosed.
KDG will become known as Azelis Americas, led by Frank Bergonzi, CEO and president of KDG, who will assume the role as CEO and president of Azelis Americas and will become a member of the Azelis board of directors. Azelis Americas will continue to operate in the US and Canada, using its existing business model and go-to-market strategy. It will maintain its regional brands and specialty chemicals sales to customers via industry verticals, and through dedicated experts.
The acquisition is viewed as extremely positive by both sides with numerous opportunities to better serve customers and principals worldwide.
Both companies have posted good results this year. KDG has demonstrated extensive growth both organically, and fuelled by recent acquisitions into new markets. Investment in laboratory facilities, new products and customer-facing employees during the past three years is helping to drive Azelis’ year-on-year growth of more than 10% in Europe and more than 15% in the Asia-Pacific region.
KDG will become known as Azelis Americas, led by Frank Bergonzi, CEO and president of KDG, who will assume the role as CEO and president of Azelis Americas and will become a member of the Azelis board of directors. Azelis Americas will continue to operate in the US and Canada, using its existing business model and go-to-market strategy. It will maintain its regional brands and specialty chemicals sales to customers via industry verticals, and through dedicated experts.
The acquisition is viewed as extremely positive by both sides with numerous opportunities to better serve customers and principals worldwide.
Both companies have posted good results this year. KDG has demonstrated extensive growth both organically, and fuelled by recent acquisitions into new markets. Investment in laboratory facilities, new products and customer-facing employees during the past three years is helping to drive Azelis’ year-on-year growth of more than 10% in Europe and more than 15% in the Asia-Pacific region.