Azelis Group and Koda Distribution Group (KDG) announced that Azelis has signed a binding agreement to acquire US-based KDG.
The transaction remains subject to regulatory clearances and is expected to be finalised by the end of 2015.
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.
This move is seen as extremely positive by both sides with numerous opportunities to better serve customers and principals worldwide.
