Azelis, a service provider in the specialty chemicals industry, signed an agreement to acquire 100% of the shares of Haarla Oy, a specialty distributor of food ingredients and industrial chemicals based in Finland. Founded in 1962 by the Haarla family, and headquartered in Tampere, Finland, Haarla Oy employs 31 staff, including experienced sales and technical teams. The transaction is expected to close by the end of 2024, after fulfillment of customary closing conditions.

Haarla Oy has a well-established position in the food ingredients market and across various industrial chemicals segments. Azelis reports that Haarla Oy's product portfolio strategically enhances Azelis' lateral value chain, reinforcing its footprint in life sciences and industrial chemicals industries in the Nordics. Haarla Oy brings a diversified base of over 300 customers and longstanding business relationships, which complements Azelis' own set of partnerships for the region.