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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 Mane’s (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.
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