Azelis has signed an agreement to acquire the Greater China operations of Ingredients Plus China, strengthening its position in China.
WHO: Ingredients Plus China employs over 40 people in Shanghai, Guangzhou, and Hong Kong, where it serves a sizeable base of international, regional, and indigenous local customers with an attractive portfolio.
Azelis is a leading distributor of specialty chemicals and food ingredients present in over 40 countries, with 15 personal care application labs across the world, and 2,000 employees. Knowledgeable teams of industry, market, and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. They offer a lateral value chain of complementary products to about 40,000 customers.
WHY: Ingredients Plus China's product portfolio further enhances Azelis' lateral value chain and solidifies its reputation as a leader in the Chinese personal care industry. The transaction is consistent with Azelis' corporate strategy of complementing organic growth with strategic acquisitions.
IN THEIR OWN WORDS: Mr. Graeme Love, CEO Ingredients Plus, commented, "We at Ingredients Plus China have over the years developed strong intimacy with our principals and customers by offering only the highest service quality. Joining Azelis in China will enable the business to grow further and have more resources available to serve principals and customers. With this announcement, I would also like to thank all our stakeholders for what has been achieved so far and wish the best of luck to Azelis—IP China in becoming the leading distributor of the personal care industry."
Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, added, "Ingredients Plus China's portfolio is highly complementary to ours and will boost the personal care range of Azelis China. The expansion of our lateral value chain in China, the second largest global economy and one of the fastest growing, is a key strategic objective for us. That is why we have continuously invested in our growth there. The acquisition will increase our market presence and overall product offering, while also continuing our diversification to provide a more comprehensive portfolio across market segments."
- Azelis has signed an agreement to acquire the Greater China operations of Ingredients Plus Pty. Ltd. (Ingredients Plus China) through the acquisition of 100% of the shares of Ingredients Plus Hong Kong and its fully owned subsidiaries in Shanghai and Guangzhou.
- All Ingredients Plus China employees will become part of Azelis and remain in their respective positions to support the business.
- Present in China since 2012, Azelis gained a leading position in the personal care market in China with the acquisitions of CosBond and Bronson & Jacobs.
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