October 28 2020, David R Brown
Azelis continues to strengthen its position in the Chinese personal care market with the acquisition of Bronson and Jacobs China
Azelis, a leading distributor of specialty chemicals and food ingredients, has signed an agreement to acquire 100% of the shares of Ixom's Bronson and Jacobs Hong Kong Ltd business and its fully owned subsidiary in Shanghai. Bronson and Jacobs China, specialises in the distribution of personal care ingredients, predominantly for skin care, and represents many global principals. The company has offices in Hong Kong, Shanghai and Guangzhou. The office in Guangzhou houses a personal care lab.
This acquisition will enable us to strengthen our foothold in the country, perfectly fitting our ambition to become a local champion in personal care in ChinaLaurent Nataf
CEO & President of Azelis Asia Pacific
The acquisition of Bronson and Jacobs China, follows the acquisition of CosBond in April 2020, and further strengthens Azelis' footprint in the Chinese personal care market. It will also enable Azelis to better serve several key multinational customers in China.
Laurent Nataf, CEO & President of Azelis Asia Pacific, comments: “Azelis recently strengthened its presence in personal care through the acquisition of CosBond in April 2020. The portfolio of Bronson and Jacobs China is highly complementary to CosBond's and Azelis' and will enhance our lateral value chain in this segment. Customers of both organizations will benefit from improved product range and access to additional principals. Furthermore, this acquisition will enable us to strengthen our foothold in the country, perfectly fitting our ambition to become a local champion in personal care in China.”
Azelis now has 15 personal care application labs across the world, out of which seven in Asia Pacific and highlights Azelis' dedication on being an innovative service provider to its customers and principals.
The transaction is expected to close within two months. The deal excludes the rest of Ixom's Bronson & Jacobs division's business in food, personal and HI&I markets in Australia, New Zealand and South-East Asia.
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,200 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 about 40,000 customers, creating a turnover of €2.15 billion (2019).
Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release