Tag Archives: Hong Kong

Azelis to acquire China Operations of Ingredients Plus

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Specialties Distribution Group Azelis strengthens its Position in the Personal Care Market in China

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has signed an agreement to acquire the Greater China operations of Ingredients Plus Pty. Ltd. (Rydalmere (Sydney), NSW – Australia), a distributor of ingredients for the Personal Care industry.

The transaction comprises 100% of the shares of Ingredients Plus Hong Kong and the fully owned subsidiaries in Shanghai and Guangzhou, where in total over 40 people are employed. All employees will become part of the Azelis team, remaining in their respective position to support the business, Azelis said in the announcement.

No financial information was disclosed on the transaction, which is expected to be completed by end of August, according to the Azelis press release.

Source: Azelis press release

HGE – DCG / 16.08.2021

Azelis to acquire CosBond based in Hong Kong

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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