News Article 2021

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August 13 2021, David R Brown

Azelis strengthens its position in the Chinese personal care market with the acquisition of Ingredients Plus China

Azelis, a leading global distributor of specialty chemicals and food ingredients industry, 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. This acquisition strengthens Azelis' product portfolio, whilst also enhancing the position of Azelis China in the personal care industry.

Ingredients Plus China's portfolio is highly complementary to ours and will boost the personal care range of Azelis China

Laurent Nataf
CEO & President of Azelis Asia Pacific

Azelis China established a strong footprint in the personal care market through the acquisitions of Cosbond and Bronson & Jacobs in 2020, which is now further strengthened through the acquisition of Ingredients Plus China. Ingredients Plus China employs over 40 people in Shanghai, Guangzhou and Hong Kong and serves a sizeable base of international, regional and local customers with an portfolio of products from world-renowned principals. All employees will be joining Azelis.

Mr. Graeme Love, CEO Ingredients Plus, commented: “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.”

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 in 2020. Azelis' award-winning laboratories in Asia Pacific, of which seven are dedicated to Personal Care, underscore its commitment to being an innovative partner to its customers and principals.

The deal excludes Ingredient Plus' operations in Australia, New Zealand, Singapore, Malaysia and Indonesia.

About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,500 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 45,000 customers, supported by ~2,200 principal relationships, creating a turnover of €2.22 billion (2020).

Source(s): Azelis Press Release

Further Information

Visit: https://www.azelis.com