Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire 100% of the shares of Chemical Solutions Sdn Bhd (“ChemSol”), one of the leading distributors of raw materials in the Personal Care, Cosmetics and Household markets in Malaysia, said the company.
The acquisition strengthens Azelis’ presence in the domestic market, further reinforcing the group’s in-depth coverage of the Asia Pacific region. The addition of ChemSol’s extensive and well known product portfolio, specifically in actives and functional ingredients, significantly expands Azelis’ lateral value chain for the local Personal Care market. With this acquisition, Azelis is ideally placed to benefit from the growing Personal Care market in Malaysia, especially in the attractive Halal cosmetic industry.
Founded in 2001, ChemSol’s 21 years in the Malaysian market enabled the establishment of a strong network of customers, with the support of globally renowned principals, from its headquarters in Shah Alam. With a dedicated Personal Care application laboratory, ChemSol is well-positioned to provide innovative solutions to its partners. Chemsol’s full team of employees will become part of the Azelis family, supporting the business and the integration process. The transaction is expected to close before the end of the third quarter, after fulfilment of customary closing conditions.
As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire the specialty lubricant (L&MWF1 ) distribution assets of Ak-tas in Turkey.
As per MRC, Azelis announces that it has reached an agreement to acquire Chemo India and Unipharm Laboratories’ distribution assets. Both companies are renowned local distributors of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers), L&MWF (lubricants & metalworking fluids) and pharmaceutical market segments in India.
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