Sale of 3i backed S. Black Limited to Azelis SA

Specialist ingredients company S. Black Limited (“S Black”), who became a 3i investee company in 1996, has been sold to Azelis SA (“Azelis”). Smith & Williamson advised S Black on the transaction.

S. Black is a £40 million turnover business, which sells, markets and distributes specialist ingredients to the personal care, fragrance, food and nutrition, healthcare and household product sectors. The company also operates through S. Black GmbH, supplying the German, Swiss and Eastern European personal care markets.

Azelis is a leading European distributor of specialist chemicals, polymers and related services. The acquisition of S. Black will enhance the Azelis Life Sciences business, particularly within the personal care sector.

Smith & Williamson advised S. Black and ensured a smooth completion was reached. Brian Livingston, Head of M&A at Smith & Williamson said, “specialist chemical ingredients is a global market which is undergoing considerable cross-border consolidation. We were pleased to assist S. Black in finding a sustainable partner for further growth.”

Neil Berry, managing director of S. Black added “Brian Livingston and Tim Moore at Smith & Williamson provided a first-rate level of support and advice to help ensure that this complicated international transaction was successfully completed.”

For further information contact:

Brian Livingston
Tel 020 7131 4914
Email Brian

Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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