The agricultural/horticultural surfactants specialist Coseal will drive Azelis’ growth in the APAC region

Azelis, a leading innovative service provider in the specialty chemicals and food ingredients industry, announces it has agreed to acquire 100% of the shares in Coseal in South Korea.

Coseal is renowned for its specialist distribution, repackaging and blending of agricultural/horticultural surfactants. The acquisition of Coseal will further drive Azelis’ growth in these market segments across Asia Pacific.

Highlights & rationale

• This new partnership diversifies and strengthens Azelis’ position in the attractive agricultural/horticultural segment in South Korea
• Coseal has long-established customer relationships and strong technical expertise
• The transaction is consistent with Azelis’ strategy of complementing organic growth with strategic acquisitions

South Korea is an attractive and growing market with 51m inhabitants and a high GDP per capita. This transaction is expected to close in the third quarter of 2021. The acquisition of Coseal illustrates the support provided by EQT since the initial acquisition of Azelis. 

Mr. Kang Sang Jin, CEO of Coseal, says, “our focus on commercial and innovation-driven services brings new and exciting opportunities. With Coseal’s expertise in the sector and Azelis’ existing global principal network and international agricultural/horticultural customer base.”