Azelis has agreed to acquire 100% of the shares of Lidorr Elements, one of Israel's leading speciality chemical distributors.
The acquisition expands Azelis’ footprint in Israel, further building on its growing network in the region following the acquisition of Orokia in 2020.
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.
“The acquisition of Lidorr Elements is a great opportunity for Azelis to strengthen its presence in Israel in our common markets of agriculture, industrial materials and personal care,” said Anna Bertona, Regional CEO Azelis EMEA.
“This transaction will not only provide us with many business opportunities in crop protection, polymers, and care & nutrition, but also reinforce our relationships with our long-lasting and historical principals within EMEA,” he added.
