Azelis Acquires Chinese Distributor of Personal Care Ingredients
2nd November 2020
Belgium-headquartered chemicals distributor Azelis has entered into an agreement to buy Bronson and Jacobs Hong Kong and its wholly owned subsidiary in Shanghai, China, from owner Ixom, an Australian chemicals and water treatment distributor. Financial terms of the deal were not disclosed.
Bronson and Jacobs China specializes in distributing personal care ingredients, primarily for skincare, and has offices in Hong Kong, Shanghai and Guangzhou, the latter location also housing a personal care laboratory.
Azelis said that the deal strengthens its footprint in the China personal care market, allowing it to better serve several key multinational customers in the country.
It also follows the purchase in April of Cosbond, a Chinese specialty chemicals and food ingredients distributor that is headquartered in Hong Kong with offices and warehouses in Shanghai, Guangzhou and Beijing.
Growth in China is a prime strategic objective for the specialty chemicals distributor.
Laurent Nataf, CEO & president of Azelis Asia Pacific, said: “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.” He added that “customers of both organizations will benefit from improved product range and access to additional principals.”
The transaction is expected to close within two months.
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