Azelis Acquires Colombia-Based ROSCA to Expand into South America.

MANews-(C)2009-2022

Belgium-based innovation service provider Azelis (Brussels: AZE), focussed on the speciality chemicals and food ingredients industry, has agreed to acquire the majority shares of Colombia-based speciality chemical distributor ROCSA Colombia S.A., to expand into South America, the company said.

Terms of the transaction were not disclosed. The transaction is expected to close in 3Q22, after fulfilment of customary closing conditions.

The acquisition represents a strategic expansion of the group's footprint, reinforcing its platform to execute its growth strategy in the region.

ROCSA is a speciality chemical distributor in Colombia, with a presence in Peru and Central America.

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