Azelis extends reach in Oceania with Chemiplas acquisition
05 Dec 2022 --- Azelis is acquiring 100% of the shares of Chemiplas Agencies, a distributor of specialty chemicals and ingredients in Australia, New Zealand and the Pacific Islands. The company covers a range of markets, including the personal care and cosmetics sectors.
The transaction is expected to close before the end of the first quarter of 2023. Financial details of the deal have not been disclosed.
“This acquisition is another illustration of our commitment to growth in the Asia Pacific region and is an important milestone in our vision of becoming a market leader in Australia and New Zealand,” says Dr. Hans Joachim Müller, CEO at Azelis.
“The acquisition of Chemiplas provides Azelis with a broader, more comprehensive lateral value chain, an experienced team with a shared vision, and a stronger regional presence across key market segments,” he continues.
“Customers and principals will benefit from the enhanced solutions offered thanks to our collective capabilities and complementary product portfolio.”
Long-standing synergies
Chemiplas boasts a “strong network” of partnerships with over 200 global, regional and local members.
Chemiplas’ management team and employees are expected to become part of Azelis while supporting the business and integration process.
The transaction is expected to close before the end of the first quarter of 2023.
“Creating solutions through innovation our combined businesses will yield numerous opportunities for growth and even better support for our staff, principals and other stakeholders with additional innovative solutions,” adds Duncan Leigh, executive director at Chemiplas.
“Partnering will provide an enhanced portfolio offering for our customers and opportunities to develop further the technical capabilities and opportunities for our Chemiplas team. Our common goal of providing solutions and an unrelenting customer focus with services will ensure the success of our partnership.”
Tracking Azelis
Earlier this year, Azelis bought 100% of the shares of Chemical Solutions Sdn Bhd (ChemSol), one of Malaysia’s top distributors of raw materials in the personal care sector.
“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,” said Laurent Nataf, CEO and president at Azelis Asia-Pacific.
Moreover, the company identified growth potential within the Chinese personal care market after expanding its reach in the region with the acquisition of Ingredients Plus China.
The company’s market segment director for personal care, Azelis Asia-Pacific, Jacqueline Hoe, spoke to PersonalCareInsights about the growing demand for “harmonious, natural skincare” and adjusting to the country’s specific market needs.
As consumers become more conscious about what kind of personal care and beauty products they consume and question how they are sourced, companies are propelled to pay more attention to product transparency and its impact on the world. PersonalCareInsights previously interviewed Azelis to investigate the rise of conscious beauty, delving into the role of social media, beauty trends and the prospects for more efficient and holistic changes.
Edited by Venya Patel
