January 17 2022, David R Brown
Azelis further strengthens Asia Pacific footprint with the acquisition of a majority stake in Catalite Co., Ltd in Thailand
Azelis has acquired a majority stake in Catalite Co., Ltd. ("Catalite"), a well-established distributor of specialty chemicals in the personal care and home care market segments, as well as industrial formulators, intermediates and coatings, in Thailand.
A strengthened presence in Thailand deepens our coverage in Asia Pacific, which is one of the strategic priorities for the GroupLaurent Nataf
CEO & President of Azelis Asia Pacific
The acquisition reinforces the Group's footprint in the Life Sciences market, and complements its Industrial Chemicals portfolio in the country. With an attractive portfolio of products from several key principals, Catalite serves a large, growing customer base from its site in Bangkok, providing the Group a solid platform to accelerate its growth in the domestic market, and the wider Asia Pacific region.
All Catalite's 49 employees will join Azelis, with its leadership, including CEO Ms. Udomlak Kootiratrakarn and COO Officer Mr. Vaivit Arkaresvimun continuing to lead the business. The transaction is expected to close in the first quarter of 2022, after fulfilment of customary closing conditions.
Ms. Udomlak Kootiratrakarn, CEO of Catalite, commented: “We are pleased to embark on this new chapter in our company's history with Azelis. Becoming part of a renowned international player will be beneficial for our company, customers and principals, with numerous opportunities for growth, and great synergies for both companies.”
Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, added: “A strengthened presence in Thailand deepens our coverage in Asia Pacific, which is one of the strategic priorities for the Group. Principals benefit from Azelis' wider platform in this high-growth region, while customers benefit from Catalite's and Azelis' complementary portfolio of products, and combined ability to provide innovative solutions and best-in-class services.”
Azelis has been active in Thailand since 2015 primarily in the Industrial Chemicals sector.
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,800 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).
Across 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. EcoVadis Platinum rated, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release