Tunçkaya’s product portfolio complements Azelis’ existing value chain and provides the opportunity to expand the group’s customer base in the region, says Azelis Turkey Managing Director, Sertaç Sürür.
“Turkey is a fast-growing region, and an increasingly important market in the food segment, so we’re delighted to grow together with Tunçkaya.”
With strong relationships in the food sector and the domestic market in general, the acquisition presents an “attractive” proposition for organic growth, he continues.
“We look forward to combining our talents and leveraging our combined capabilities and expertise for our customers and principals in Turkey and across the wider EMEA region.”
Tunçkaya is a major provider of ingredients and additives to over 500 customers.
The company was founded by the late Zülfikar Tunç and currently employs 25 people at its headquarters in Istanbul. It operates within food and drink sectors with divisions including dairy and bakery.
Products range from melting salts and phosphates to texturizing agents and milk protein, as well as functional ingredients for yogurts, ice cream and cream, preservatives, lactose, acidity regulators, antioxidants, and food colourings.
The company now joins the ranks of Azelis’ ever-expanding European, Middle Eastern, and Asian (EMEA) business portfolio, which last year acquired French ingredients distributor, Quimdis.
The transaction provided “a foothold in the growing noncyclical markets for flavours and fragrances and synergistic opportunities in animal nutrition”.
Azelis was created through the merger of Italy’s Novorchem and French chemical company, Arnaud in 2001.
Since then, the business model has focused on growth through strategic partnerships and synergistic acquisitions in key markets, including EMEA regions and the Americas.
The company acquired a majority stake in Thai chemical specialist, Catalite, in January to reinforce its life science footprint in the regions and provide a platform for accelerated growth in the Asia-Pacific region.
Furthermore, it recently signed a distribution agreement to supply Kensing vegetable-oil-based vitamins and phytosterols Covi-ox, Covitol, Copherol and Generol in the food & health, nutrition, and personal care markets to customers throughout Europe, the Middle East, and Africa.
Both companies focus on reliability and consistency and share a philosophy for sustainable development, transparency, and constructive collaboration.
Kensing’s sustainable development approach consists of developing, sourcing, and bio-refining sustainably a large range of high-natural index ingredients and aligns with Azelis own sustainable approach.
Last year, Azelis secured a place among the top 1% of the world’s best rated companies for sustainability and earned a Platinum award by EcoVadis, which rates performance based on environmental protection, labour and human rights, ethics, and sustainable procurement.
Azelis’ global headquarters are based in Luxembourg and corporate services in Belgium.
The company is currently present in 41 EMEA countries and includes 30 application facilities.
It offers 3,000 formulations and value-added services to more than 45,000 customers in both life sciences and industrial chemicals sectors and is a key distributor of speciality ingredients to personal and home markets.