CHEMICAL DISTRIBUTION
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COMPLETE CONTROL
ACQUISITIONS • SAFIC-ALCAN CONTINUES TO STRENGTHEN ITS INTERNATIONAL PRESENCE, HAVING TAKEN FULL CONTROL OF PARTLY OWNED OPERATIONS IN SWEDEN AND CHINA
Lecat explains. “This acquisition will give Safic-Alcan direct access to the multinational pharmaceutical companies that have located in China and the opportunity to build upon the existing infrastructure to have a foothold in Asia from which Safic-Alcan can expand throughout the region.” Established in 1997, Sichuan HuaFaMei
Enterprise is an affiliate of the Paris-based BimSifram Group, which itself has been a part of the Safic-Alcan Group since 2007. Specialising in the distribution of active pharmaceutical ingredients (APIs), intermediates, plant extracts, chemical raw materials and “drug products”, Sichuan HuaFaMei Enterprise has, Safic Alcan says, “developed a strong reputation in the distribution of products with guaranteed traceability from export and import to final distribution and the reliability of its sourcing procedures”. The company also has a “proven record of strong international customer relationships through its highly professional and dedicated teams”, which will continue to operate under the helm of acting president Charles Hu. With a current headcount of 44, it last year notched up total revenues worth €14m.
FRANCE’S SAFIC-ALCAN has gained full ownership of its Swedish subsidiary Safic- Alcan Nordic, having acquired the remaining 50 per cent of shares in the company. Acting company president Magnus Lindeberg will remain in place and continue to actively manage the business. “We are excited with the acquisition of Safic-Alcan Nordic and optimistic regarding the company’s future prospects,” says Martial Lecat, CEO of Safic-Alcan’s holding company Safinca. “With this acquisition we made significant progress toward our strategy of growth in northern Europe while achieving our vision of leading market positions delivering innovative products across Europe.” Originally founded in 1997 as Nordica Elastomer, Safic-Alcan Nordic is active on
SAFIC-ALCAN CONTINUES TO INVEST HEAVILY TO EXPAND ITS ABILITY TO DISTRIBUTE INNOVATIVE PRODUCTS AROUND THE WORLD
a number of different markets, including plastics, rubber, adhesives, elastomers, thermoplastics polyurethane, asphalt and bitumen. Operating across Sweden, Denmark, Norway, Finland and the Baltic States, the company serves the needs of more than 200 customers and works with over 30 principals and associates. With five strategically located warehouses across the region, Safic-Alcan Nordic, the company asserts, “is committed to [providing] customised logistic solutions with optimised routes and quick delivery time”. Headquartered in Kungsbacka, near Gothenburg, Safic-Alcan Nordic currently employs a staff of 10 and closed its 2015 books with revenues of around €12m.
ASIAN EXPANSION In a similar vein, Safic-Alcan has also taken full ownership of China’s Sichuan HuaFaMei Enterprise after first acquiring a 50 per cent stake in the company in 2006. “Acquiring full ownership of Sichuan HuaFaMei Enterprise is part of our strategy to expand in Asia,”
NECARBO RENAMED News of the two acquisitions comes in the wake of Safic-Alcan’s May 2016 purchase of KemCare, a UK chemical distributor serving the needs of the British and Irish personal care, home care and industrial sectors, and the August 2015 takeover of Chimsnab, a Bulgarian distributor of high quality polymer compounds and speciality chemicals. Meanwhile, Safic-Alcan has also now renamed its Necarbo operations, which it acquired in 2012 and which are focused on serving the Dutch coatings industry, as Safic-Alcan Necarbo. Headquartered in Paris-La Défense, Safic-Alcan “develops and provides a large range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries”. Present “in all major countries of the EU”, as well as Turkey and China, it is also pursuing “on-going strategic development” in eastern Europe and the US and last year clocked up total revenues of just under €466m. HCB
www.safic-alcan.com
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