Azelis Buys Malaysia’s ChemSol
Azelis is acquiring Chemical Solutions (ChemSol), a distributor of raw materials for the personal care, cosmetics and household market segments in Malaysia.
The proposed deal will strengthen Azelis’ presence in the Malaysian market and in the Asia-Pacific personal care sector through the addition of ChemSol’s “extensive and well-known” product portfolio, specifically in actives and functional ingredients.
“ChemSol’s strong market presence, comprehensive portfolio and innovation capabilities will greatly enhance Azelis’ footprint in Malaysia, along with the addition of their experienced and technically competent team. Our complementary business models also allow us to better support our customers and principals, as they will benefit from our combined technical expertise and compelling expanded product offerings,” said Laurent Nataf, CEO and president of Azelis Asia-Pacific.
ChemSol is headquartered in Shah Alam, Selangor, and has a dedicated personal care application laboratory. All of ChemSol’s employees will become part of the Azelis team when the transaction closes, expected before the end of the ongoing third quarter.
There has been no letup in Azelis’ buying spree this year, with ChemSol the ninth deal agreed so far. Acquisitions have been made in the Middle East, Turkey, India, Colombia, Thailand and the UK, boosting the distributor’s presence around the world.
Author: Elaine Burridge, Freelance Journalist
