01.17.22
Azelis has acquired a majority stake in Catalite Co., Ltd. A purchase price was not disclosed. The move bolsters Azelis' presence in Thailand and throughout Asia-Pacific, according to company executives.
Catalite is a well-established distributor of specialty chemicals in the personal care and home care market segments, as well as industrial formulators, intermediates and coatings, in Thailand, according to Azelis.
“A strengthened presence in Thailand deepens our coverage in Asia Pacific, which is one of the strategic priorities for the Group," explained Laurent Nataf, CEO & president of Azelis Asia Pacific. "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.”
Azelis has been active in Thailand since 2015. Catalite serves a large, growing customer base from its site in Bangkok. Forty-nine Catalite employees, as well as company leadership, will join Azelis.
The transaction is expected to close in the first quarter of 2022.
Catalite is a well-established distributor of specialty chemicals in the personal care and home care market segments, as well as industrial formulators, intermediates and coatings, in Thailand, according to Azelis.
“A strengthened presence in Thailand deepens our coverage in Asia Pacific, which is one of the strategic priorities for the Group," explained Laurent Nataf, CEO & president of Azelis Asia Pacific. "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.”
Azelis has been active in Thailand since 2015. Catalite serves a large, growing customer base from its site in Bangkok. Forty-nine Catalite employees, as well as company leadership, will join Azelis.
The transaction is expected to close in the first quarter of 2022.