English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 5 January 2021, 14:35 HKT/SGT
Share:
    

Source: Azelis
Azelis significantly increases its market presence in Vietnam through the acquisition of a majority shareholding in MKVN Chemicals and Viet Chemi

SINGAPORE, Jan 5, 2021 - (ACN Newswire) - Azelis, a leading distributor of specialty chemicals and food ingredients, is delighted to announce it has acquired a majority shareholding of MKVN Chemicals Co Ltd (MKVN Chemicals) and Viet Chemi Trading and Service Co Ltd (Viet Chemi) through their parent company Bellekimia Singapore Pte. Ltd (Bellekimia). Both companies are active in personal care, industrial chemicals, agro and food segments as well as supply chain solutions. Founded in 2000 and with offices in Hanoi and Ho Chi Minh, MKVN Chemicals and Viet Chemi have a strong reputation in Vietnam, serving first-class international principals and 700 customers.

Highlights & rationale
- Strong market presence and know-how of the local MKVN Chemicals and Viet Chemi team will significantly increase Azelis' presence in Vietnam allowing for significant portfolio expansion through lateral integration.
- Vietnam is the 15th most populated country in the world with a very young workforce, increasing purchasing power and growing access to premium products.
- MKVN Chemicals' and Viet Chemi' main business activity in personal care benefits directly from these favorable macroeconomic factors.
- This transaction is consistent with Azelis' corporate strategy of complementing organic growth with strategic acquisitions.

Mr. Kamal Hezry Kassim, Managing Director of MKVN Chemicals and Viet Chemi, will continue to manage the business and will report to Azelis Asia Pacific CEO & President, Laurent Nataf.

Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, explains: "Growth in Asia Pacific has been one of the strategic priorities for Azelis. By strengthening our presence in Vietnam, we will gain better coverage in the entire region which is key for us to attract new mandates with our existing principals. Azelis and our new partners MKVN Chemicals and Viet Chemi have highly complementary business models which will help us diversify our product portfolio significantly. MKVN Chemicals and Viet Chemi currently operate best-in-class personal care laboratories in Vietnam. These laboratories will provide important added value to Azelis' existing technical expertise and will bring benefits to the entire region. Last but certainly not least, the Kassim family have an excellent reputation on the market and the entire management team is well known and respected in the country."

Mr. Kamal Hezry Kassim, Managing Director of MKVN Chemicals and Viet Chemi, adds: "We are very excited about this partnership for several reasons. Firstly, becoming part of such a highly regarded, international player will not only provide continuity and security for our company but also additional expertise, infrastructure and growth opportunities. Secondly, we will benefit greatly from Azelis' sustainability reputation and EcoVadis Gold rating, which are both important criteria for customers and corporate principals alike in South East Asia. Thirdly, there is an excellent fit between our strong technical focus on one side and Azelis' ability to offer innovative solutions to the market on the other. In short, joining forces with Azelis will bring great synergies not only for both companies but also will be beneficial for our principals and customers alike."

Azelis has been active in Vietnam since 2015 and it employs some of the best industry professionals in the country. Azelis runs application laboratories for Personal Care, Home Care, CASE and Textiles in Vietnam.

The acquisition of MKVN Chemicals and Viet Chemi illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.

Contact information
Azelis
Marina Kaptein
Group Communications Director
T: +32 3 613 0125
E: [email protected]

LEWIS on behalf of Azelis in APAC
Khalifah Hafiz
Account Coordinator
M +65 9150 3666
E: [email protected]

About Azelis

Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,200 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to about 40,000 customers, creating a turnover of EUR 2.15 billion (2019).

Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com


Topic: Press release summary
Sectors: Telecoms, Trade Shows, Transport & Logistics, Metals & Mining, Fashion & Apparel, Water, Exchanges & Software, Cards & Payments, Media & Marketing, Retail & eCommerce, Electronics, Agritech, Daily Finance, Real Estate, Cloud & Enterprise, CyberSecurity, Automotive, Chemicals, Nanotechnology, Airlines, Energy, Travel & Tourism, Food & Beverage, Environment, Gaming, Print & Package, Wireless & Mobility, Broadcast, Film & Sat, Daily News, Alternative Energy, BioTech, Healthcare & Pharm, Human Resources, FX & Digital Currencies, Design & Art, Engineering, Advertising, Aerospace & Defence, Funds & Equities, FinTech & Blockchain, Banking & Insurance, Venture Capital, Construct, Engineering, Digital, Local, Watches & Jewelry, ASEAN, Cosmetics & Spec.Chem, Marine & Offshore, Hospitality, Education, Artificial Intel [AI], Legal & Compliance, Local Business, ICO's, Government, Automation [IoT], Oil & Gas, Sports, Drones, Cannabis, MedTech, Clinical Trials, Trade Finance
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Azelis Releated News
Jan 6, 2021 15:20 HKT/SGT
Azelis Acquires Majority Shareholding in MKVN Chemicals and Viet Chemi
Jan 5, 2021 14:30 HKT/SGT
Sự hiện diện của Azelis trên thị trường Việt Nam đã được củng cố sâu sắc sau thương vụ thu mua đa số cổ phần tại MKVN Chemicals và Viet Chemi
Aug 12, 2020 16:00 HKT/SGT
阿泽雷斯发布第一份可持续发展报告,以表明为全球可持续发展做出的努力
Aug 12, 2020 16:00 HKT/SGT
阿澤雷斯發布第一份可持續發展報告,以表明為全球可持續發展做出的努力
Aug 11, 2020 10:00 HKT/SGT
Azelis menerbitkan laporan keberlanjutan yang pertama sebagai kesaksian atas usaha-usaha keberlanjutan global
More news >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575