The specialty chemicals supplier recently announced the expansion of its perona care footprint in Asia with the acquisition of ChemSol and a new distribution agreement with Green Mountain Biotech.
Acquisition of ChemSol in Malaysia
Azelis 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 2001 and headquartered in Shah Alam, close to Kuala Lumpur, ChemSol has established a strong network of customers in the Malaysian market. “With a dedicated Personal Care application laboratory, ChemSol is well-positioned to provide innovative solutions to its partners,” said Azelis in a statement.
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.
The acquisition strengthens Azelis’ presence in the Malaysian market, further reinforcing the group’s in-depth coverage of the Asia Pacific region. The addition of ChemSol’s extensive product portfolio, specifically in actives and functional ingredients, significantly expands Azelis’ value chain for the local personal care market.
New distribution agreement
Azelis also announced a new distribution agreement with Green Mountain Biotech, a provider of active botanical blends for the personal care and cosmetic industries taking inspiration from Chinese medicinal plants. Azelis will distribute Green Mountain Biotech’s portfolio of active plant extracts for Indonesia, Malaysia, Singapore, Thailand and Vietnam.
Further expansion around the world
At the end of June, Azelis has also announced its expansion in South America with acquisition of specialty chemicals distributor ROCSA Colombia S.A., which was primarily active in Food & Nutrition, Personal Care, and Home Care & Industrial Cleaning, as well as in industrial chemicals.