Azelis Acquired Dağaltı Company

Azelis announces that it has signed an agreement to acquire 100% of the shares of Dağaltı Kauçuk San. (Dağaltı), a specialty chemicals distributor active in the Turkish rubber and plastics additives (R&PA) market. The acquisition of Dağaltı strengthens Azelis' R&PA footprint in Turkey. Dağaltı's extensive product portfolio strategically complements the Group's lateral value chain in industrial chemicals, enhancing the offerings and technical expertise Azelis provides to customers. Established in 1980, Dağaltı has grown to be a leader in rubber and rubber additives in the domestic market. With 14 employees, Dağaltı supports over 400 customers with products and expertise. CEO Sadik Dağaltı will continue leading the business to ensure a smooth transition into Azelis. The transaction is expected to close at the end of the third quarter, after fulfilment of customary closing conditions. Sadik Dağaltı, CEO Dağaltı, commented: "Azelis' focus on innovation, sustainability and digitalization will trigger additional growth impulses at Dağaltı. We're excited to become part of the Azelis family and see many synergistic opportunities that will help secure our future. Dağaltı has longstanding relationships with principals and customers, and we're confident that with Azelis, these relationships will only flourish." Sertaç Sürür, Managing Director Azelis Turkey, adds: "Through the acquisition of Dağaltı, we are very pleased to strengthen our lateral value chain and reinforce Azelis' position in Turkey as a leading specialty innovation service provider. I look forward to working with Sadik Dağaltı and the experienced team to leverage their R&PA expertise and further grow the company."