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Azelis to acquire Italian distributor

January 20/2021

MOSCOW (MRC) -- Chemicals distributor Azelis has signed an agreement to acquire Came Chemical Mineral and Engineering (CAME), an Italy-based distributor of chemicals for friction and sintering applications, cosmetics, as well as coatings, adhesives, sealants and elastomers (CASE), said Chemweek.

The acquisition, expected to close later this month, will help Azelis expand into the friction market and strengthen its presence in CASE and personal care, as well as rubber and plastic additives (R&PA), it said on Monday. The acquisition of CAME will increase our market presence and overall product offering, and it will generate many cross-selling opportunities, said Marco Gerosa, regional managing director of Azelis in Italy.

There is an excellent strategic fit that allows us to provide an expanded product offering and customer reach on one side, while making us more attractive to our existing principals on the other, Gerosa said. Financial terms were not disclosed.

As per MRC, Azelis says it signed an exclusive distribution deal for Manes (Le Bar sur Loup, France) flavor and fragrance products in the Benelux region, including Belgium, the Netherlands, and Luxembourg. The deal is effective from January 2021.

As MRC informed earlier, in October 2020, Azelis opened a new application and training center in Istanbul, Turkey. This center will service the Turkish food, personal care and pharma markets and will offer product advice, formulation development and technical research. Next to that, it will host customer meetings, interactive formulation workshops, supplier meetings and internal technical trainings.

We remind that Russia's output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1%  year on year.

mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry.
Category:General News
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