"Following our expansion into India about 6 months ago, it shows our commitment to further investing in the region. While Safic-Alcan has had a modest presence in Malaysia since 2012, joining forces with Ingredients Plus will create an even stronger platform to capture future growth in the region," commented Yann Lissillour, CEO of the Safic-Alcan Group.
Safic-Alcan Acquire Ingredients Plus, Strengthening APAC Position
Safic-Alcan, a distributor of specialty chemicals, announces the acquisition of Ingredients Plus, a specialty chemicals distributor with a strong historical presence in the personal care sector in Malaysia and Singapore.
Safic-Alcan expands in Asia with the acquisition of Ingredients Plus.
© Safic-Alcan
Created in 2007 and 2010, respectively, the Malaysian and Singaporean entities were established by Graeme Love and Chai Sien Theng. Headquartered in Shah Alam, Selangor, the company promotes ingredients for personal and home care, as well as coatings, rubber latex and industrial applications, food and flavor & fragrance.
“Ingredients Plus has exceptional technical capabilities, boasting 3 labs for personal care, coatings, and fragrances, making it a very strong match for the Safic-Alcan culture. We look forward to onboarding Chai and his team into our company,” added Laurent Natal, Managing Director of Mergers and Acquisitions.
“We are very proud to be joining the Safic-Alcan family. Their international network, technical focus, and entrepreneurial mindset make them a natural fit. We are excited about the new opportunities this will bring to our partners and customers across the region” said Chai Sien Theng, co-founder of Ingredients Plus.
Ingredients Plus is a leading distributor of raw materials for the Personal and Home Care, Industrial and Institutional Cleaning, Coatings and lnl‹s, Rubber latex, Food ingredients and Pharmaceutical in the Asia Pacific Region. Established in 2005 in Sydney, Australia, the company has experienced significant growth. The success of the Ingredients Plus Group, derives from its fostering of long-term relationships with its Customers and Principals underpinned by a passion and commitment to delivering a high quality service for all its stakeholders.
