Turkey: Azelis acquires food ingredients and additives company Tunçkaya

Acquired firm offers a range of blended products for various segments of the food market, supported by longstanding relationships with principals

Azelis, a global service provider in the specialty chemicals and food ingredients industry, has acquired Tunçkaya, a distributor of food ingredients and additives in Turkey.

Founded by the late Zülfikar Tunç, Tunçkaya provides ingredients and additives, as well as a range of blended products for various segments of the food market, supported by longstanding relationships with principals. The company employs 25 people from its headquarters in Istanbul and caters to more than 500 customers. The transaction is expected to close by the end of next month.

Sertaç Sürür, managing director of Azelis Turkey, said: “We’re very happy to bring Tunçkaya into the Azelis family. Their strong relationships in the food market and general market position is a fantastic addition for our lateral value chain and complements the organic growth of Azelis. Turkey is a fast-growing region, and an increasingly important market in the food segment, so we’re delighted to grow together with Tunçkaya. 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.”