Azelis to enhance Coverage of Personal Care Market in China
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced yesterday that it has signed an agreement to acquire 100% of the shares of CosBond (Hong Kong, China), a distributor of specialty chemicals and food ingredients for an undisclosed amount.
CosBond was co-founded in 2008 by the late Herman Kwong and serves more than 500 customers with products from international as well as domestic principals. All its employees will become part of the Azelis team. Industries covered include Personal Care, Flavours & Fragrances, Food & Nutrition and Fine Chemicals. Besides Hong Kong, the company has offices and warehouse facilities in Beijing, Guangzhou and Shanghai, Azelis said in the announcement.
No financial information was disclosed on the transaction.
Source: Azelis press release
HGE – DCG / 02.04.2020