Speciality chemicals supplier Azelis has agreed to acquire 100% of the shares of Chemical Solutions (ChemSol), a distributor of raw materials in the personal care, cosmetics and household markets in Malaysia.
ChemSol, established in 2001, is headquartered in Shah Alam and has a dedicated personal care application laboratory.
Azelis said ChemSol’s extensive product portfolio, specifically in actives and functional ingredients, would expand its lateral value chain in Asia-Pacific.
It will also benefit from the growing personal care market in Malaysia, especially in the Halal cosmetic industry.
“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,” said Laurent Nataf, CEO & President of Azelis Asia Pacific.
“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.”
The transaction is expected to close before the end of the third quarter, after fulfilment of customary closing conditions.
