INDUSTRY NEWS
Azelis strengthens its market leadership in Africa and the Middle East with the acquisition of
Chemical Partners Azelis, a leading global innovation service provider in the speciality chemicals and food ingredients industry, has announced that it has reached an agreement to acquire 100% of the shares of Chemical Partners and Chempart Polymers’ entities in Lebanon and Belgium. The company is an independent distributor of speciality chemicals with a strong foothold in the industrial chemicals market, particularly in CASE1 and R&PA2, in Africa and the Middle East.
Chemical Partners represents a strategic acquisition to strengthen Azelis’ lateral value chain (LVC) in industrial chemicals following the acquisition of Umongo earlier this year, providing the group with a strong portfolio of products and expertise spanning the key end markets in industrial chemicals in the region (CASE, R&PA and L&MWF3). This would also complement Azelis’ existing LVC in life sciences in the region, optimising the group’s portfolio to reach more customers and principals and serve them more efficiently. In addition, the acquisition expands Azelis’
geographical footprint, with Chemical Partners present in over 30 countries across the Middle East and Africa, including the Levant and Sub-Saharan Africa, providing further opportunity for growth.
Founded in 1995, Chemical Partners has grown to become one of the leading distributors of specialty chemicals in Africa and the Middle East. The company has long-standing relationships with top-tier principals, and serves a diversified customer base. Chemical Partners also provides technical advice to its customers, and shares the same commitment to innovation and sustainability as Azelis. As part of the transaction, the core management team of Chemical Partners will continue to lead the business and support the integration into Azelis. The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.
LINK
www.azelis.com
Nynas recognised for sustainability
Nynas has received the EcoVadis Gold Sustainability rating, putting the company in the top group of its category for sustainability performance.
“We are pleased to have been awarded a Gold rating from EcoVadis, maintaining the high level held for soon 10 years”, says Simon Day, VP Naphthenics at Nynas. “It confirms our commitment to providing customers and partners with transparent and trustworthy sustainability credentials. I would also like to highlight the importance of this award to both our employees and to the local communities in which we operate.”
”As tangible support to our customers seeking to develop more sustainable products and operations, Nynas provides a broad portfolio of products with sustainable attributes. Continuing our sustainability journey, the portfolio will this year be expanded with
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new product offers, some contributing to sustainable development through their raw material base and some through their effect on performance and efficiency in their use phase. With these we continue to strive to support Nynas’ and our customers’ developments toward a more sustainable future, concludes Dr. Gaia Franzolin, Marketing Director Naphthenics at Nynas.
“The award is recognition of our continuous commitment to all aspects of sustainability,” explains Marika Rangstedt, Manager Sustainable Development at Nynas. “However, this is an continuous process where we focus on improving our performance against a backdrop of tougher standards and requirements.
LINK
www.nynas.com
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