To further strengthen its presence in the Asia Pacific market, Azelis has acquired Catalite.
The global provider of speciality chemicals and food ingredients Azelis has recently announced the acquisition of a majority stake in Catalite Co., Ltd., a distributor of specialty chemicals for the personal and home care market segments as well as industrial formulators, intermediates and coatings.
The acquisition of the Thai company Catalite allows Azelis to further strengthen its presence within the Life Sciences industry in the Asia Pacific region and complements its Industrial Chemicals portfolio. All of Catalite’s 49 employees will join Azelis and the Chief Executive Officer Ms. Udomlak Kootiratrakarn and the Chief Commercial Officer Mr. Vaivit Arkaresvimun will continue to lead the business.
“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. Combining our strengths with Azelis’ will give us access to other reputable principals, further reinforce our technical expertise and formulation development, and enable us to better serve our customers,” stated Udomlak Kootiratrakarn, CEO of Catalite.
“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. This transaction is aligned with Azelis’ strategy to complement organic growth with strategic value enhancing acquisitions,” commented Laurent Nataf, the CEO and President of Azelis Asia Pacific.
The transaction is expected to be closed in the first quarter of 2022, after the fulfilment of customary closing conditions.