Information on the target
Novasol Chemicals, a global distributor of specialty chemicals and ingredients backed by Hivest Capital Partners, has finalized the acquisition of a majority stake in A.T.S. Advanced Technology Supplies (ATS), a leading distributor of specialty chemicals and ingredients based in Istanbul. The seller retains a minority stake in ATS, ensuring continuity for the company, its teams, clients, and partners. Emel Babacan Gürbıyık, who has served as the General Manager of ATS for 14 years, will continue to lead the ATS teams with the support of Novasol.
Founded in 1987 and operating in Turkey, ATS generates approximately €25 million in revenue and employs around twenty-five people. The company is organized into four divisions: food, pharmaceuticals and nutraceuticals, animal nutrition, and industrial chemistry. ATS serves numerous clients and relies on strong partnerships with leading international producers, many of whom it represents as the preferred distributor in Turkey. Beyond distribution, ATS is distinguished by its recognized technical and regulatory expertise, providing application consulting, regulatory support, and product qualification, making it a trusted partner for industrial clients.
Industry overview in the target’s specific country
The specialty chemicals industry in Turkey has been experiencing significant growth, driven by increasing demand across various sectors, including agriculture, pharmaceuticals, and food processing. As a key player in the region, Turkey's specialty chemicals market benefits from its strategic geographical location, which serves as a bridge between Europe and Asia. This positioning not only facilitates trade but also attracts foreign investments, further enhancing the industry's development.
In recent years, the Turkish government has implemented policies aimed at boosting the chemical sector, including incentives for research and development and support for innovation. These initiatives have encouraged local companies to enhance their product offerings and improve their competitive edge in the global market. The growing emphasis on sustainability and eco-friendly products has also led to an increase in the production of specialty chemicals that meet international environmental standards.
Moreover, the demand for specialty chemicals in Turkey is expected to rise as industries increasingly adopt advanced technologies and seek high-performance materials. The pharmaceutical and nutraceutical sectors, in particular, are projected to experience robust growth, driven by an aging population and rising health consciousness among consumers. This trend presents significant opportunities for companies like ATS, which specialize in providing tailored solutions to meet the specific needs of these industries.
Overall, the specialty chemicals industry in Turkey is poised for continued expansion, supported by a favorable regulatory environment, increasing domestic and international demand, and the ongoing evo…