Safic-Alcan, a distributor of specialty chemicals, recently announced that it has acquired a majority stake in Avees Biocos Private Limited, a personal care chemical distributor in India.
Independent French specialty chemicals distributor Safic-Alcan has acquired UK engineering plastics distributor 4PLAS for an undisclosed sum.
Mergers & acquisitions activity in the chemical distribution industry was high in 2021, but current macro-economic conditions may have a dampening effect on the number of deals that will conclude by the end of this year.
Martial Lecat and Philippe Combette will cease their functions within the Safic-Alcan Executive Committee on Apr. 1, 2022. At the same time, Combette, current Chairman of Safic-Alcan, will hand over the presidency of the group to Yann Lissillour. Lectat and Combette joined Safic-Alcan in June and October 1988 respectively.
