# Azelis to acquire specialty lubricant distribution assets of Ak-taş in Turkey

Azelis signed an agreement to acquire the specialty lubricant distribution assets of Ak-taş in Turkey, including the oil additive business of Ak-taş and the base oil distribution business of Whitechem. The transaction is expected to close in Q3 2022.

- Type: Acquisition
- Announced: 2022-06-30
- Where: Turkey, Türkiye
- Status: announced
- Products: specialty lubricants, oil additives, base oils
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Azelis](https://endata.com/companies/6509.md) (acquirer)
- [Ak-taş](https://endata.com/companies/63869.md) (target)
- [Whitechem](https://endata.com/companies/63870.md) (target)

## Sources

- [fuelsandlubes.com](https://www.fuelsandlubes.com/flo-article/azelis-to-acquire-the-specialty-lubricant-assets-of-ak-tas/), 2022-07-01: "Acquiring the distribution assets of Ak-taş and WhiteChem allows us to develop critical mass in the L&MWF market in EMEA."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.