MOSCOW (MRC) -- Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Eurotrading S.p.A (“Eurotrading”), one of the leading distributors of specialty chemicals to the personal care market in Italy, said te company.
The acquisition reinforces Azelis’ leading footprint in the thriving Italian market for personal care, as well as in the broader life sciences segment. Eurotrading’s extensive product portfolio in actives, emollients and emulsifiers further enhances the Group’s lateral value chain and solidifies its market leadership in the local personal care industry.
As per MRC, 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.
Founded in 1996, Eurotrading has developed into one of the leading distributors of personal care raw materials (skin care, sun care, fragrances and hair care), with a strong product portfolio from the largest global and regional principals. The company provides innovative formulations to about 500 customers, leveraging an application laboratory near Padova, in the northeast of the country. Eurotrading’s strong team of more than 30 technical staff, including experienced senior management, will join Azelis, and will continue supporting the business during and after integration. The transaction is expected to close in the fourth quarter of this year, after fulfilment of customary closing conditions.