Specialty chemicals: Luther advises United Initiators on acquisition of Azelis Peroxides

Luther acts as international counsel on transaction across three state borders. Luther Rechtsanwaltsgesellschaft mbH advised United Initiators, a global and leading producer of specialty chemicals located in Pullach, on the aquisition of Azelis Peroxides SAS. Seller is Azelis, one of the world’s leading distributor of specialty chemicals.


United Initiators is a company which arose from Degussa and produces and sells persulfates – used for example in detergents and cleaning agents – and organic peroxides for plastics production. The company has about 600 employees and operates in Germany as well as in Sweden, the United States, China and Australia.

By acquiring Azelis Peroxides SAS, United Initiators extends its group of companies with further specialist warehouse facilities. The parties agreed to keep the purchase price confidential. Luther acted as international counsel and provided comprehensive legal advice on this transaction.

Seller is Azelis, one of the world’s largest distributors of specialty chemicals. The group’s parent company, Azelis Holding S.A., has its registered office in Antwerp, Belgium.

On behalf of United Initiators

Luther Rechtsanwaltsgesellschaft, Mergers & Acquisitions: Stephan Gittermann (Lead Partner), Dr Sven Labudda (Hamburg)

Fidal, French Law: Alexis Poinsard, Albane Eglinger (Paris)

On behalf of Azelis

Contrast, Mergers & Acquisitions: Jeroen Stevens (Zaventem/Belgium)

CMG & Associés Avocats, French Law: Paraskevi Georganta (Paris)


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Stephan Gittermann

Stephan Gittermann
Frankfurt a.M.
+49 69 27229 24970