“Azelis (Brussels:AZE), a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Lidorr Elements (‘Lidorr’), one of Israel’s leading specialty chemical distributors in crop-protection, industrial materials, and care & nutrition.
Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 57 countries across the globe with around 3,000 employees.
The acquisition expands Azelis’ footprint in Israel, further building on its growing network in the region following the acquisition of Orokia in 2020. Lidorr’s wide portfolio of hundreds of products significantly strengthens Azelis’ lateral value chain in the Agricultural & Environmental Solutions as well as in Advanced Materials & Additives market segments.
Lidorr was founded in 1970 by Zvi Lidorr and is managed to this day by his son and daughter, Ami Lidor and Vered Lidor-Mary. Headquartered in the Ramat Hasharon, a suburb of Tel Aviv, the company also has a logistics and laboratory facility in Beit Shemesh in the south of the country.
With this acquisition, Azelis significantly strengthens its presence and expertise with a team of 90 employees, including 35 technical sales experts, serving over 400 customers in Israel, among which are Israel’s top manufacturers and retailers.”
Israel is more and more developing to the cradle to feed the world, as VonNaftali reports. So, there is no reason for any company not to invest in Israel new developing ecosystem of FoodTech.
based on press release by Azelis, selected as relevant, shortend by VonNaftali