Azelis announces that it has reached an agreement to acquire 100% of the shares of Chemical Solutions Sdn Bhd (ChemSol), one of the distributors of raw materials in the Personal Care, Cosmetics, and Household markets in Malaysia.
Benefit - Attractive Halal Cosmetic Industry
The acquisition strengthens Azelis’ presence in the domestic market, further reinforcing the group’s in-depth coverage of the Asia Pacific region. The addition of ChemSol’s extensive and well-known product portfolio, specifically in actives and functional ingredients, significantly expands Azelis’ lateral value chain for the local Personal Care market.
With this acquisition, Azelis is ideally placed to benefit from the growing Personal Care market in Malaysia, especially in the attractive Halal cosmetic industry.
Ms. Serena Ho, owner and managing director of Chemical Solutions Sdn Bhd, comments, “
We are excited about this partnership with Azelis, as joining a well-regarded international player will allow our business to scale up considerably, with more resources and opportunities for growth. We have over the years developed strong relationships with our customers and principals, and as part of the Azelis team we will continue to do our best and stay committed to serving the Malaysian Personal Care industry as we continuously expand the business together.”
Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, adds, “
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. Our complementary business models also allow us to better support our customers and principals, as they will benefit from our combined technical expertise and compelling expanded product offerings.”
Founded in 2001, ChemSol’s 21 years in the Malaysian market enabled the establishment of a strong network of customers, with the support of globally renowned principals, from its headquarters in Shah Alam. With a dedicated Personal Care application laboratory, ChemSol is well-positioned to provide innovative solutions to its partners. Chemsol’s full team of employees will become part of the Azelis family, supporting the business and the integration process.
The transaction is expected to close before the end of the third quarter, after fulfillment of customary closing conditions.
Source: Azelis