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Azelis announces the sale of its Composites business

October 03/2012

(azelis) -- On October 1st, Azelis announced the sale of its international Composites business to VELOX GmbH who has acquired this business in its entirety. As a result, VELOX will take over and manage the Composites business and its employees, effective October 1st, 2012.

As part of the company"s natural progression and clear focus on value added growth within specialities, a strategic review was undertaken by the Azelis board and the Composites market was judged to be sub-critical to the company"s plans for future development.

Within the markets it serves, industrial chemicals, coatings, rubber and  plastic and Life Sciences have been identified as primary value added growth areas within Europe. Further expansion within Asia Pacific is also another key pillar using a speciality chemicals business model.

As MRC wrote before, in June 2012 Azelis announced the sale of the Thermoplastic Polymers Business Area within the Azelis Group to Gazechim Plastics who acquired this business. This transfer means Gazechim Plastics is now managing in its entirety the Thermoplastic Polymers business and its employees.
Author:Anna Larionova
Tags:stekloplastic, elastotermoplast, cable compounds, soft compounds.
Category:General News
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