Azelis acquire S&D Group Ltd, UK

Azelis to acquire S&D Group Ltd, UK

4:10 PM, 9th June 2011
Azelis to acquire S&D Group Ltd, UK
Joris Coppye, CEO, Azelis.

ANTWERP, BELGIUM: Azelis has agreed to acquire S&D Group Ltd in a bid to strengthen its life science business (pharma, food & health and personal care), both in terms of portfolio coverage as well as geographic spread. “The acquisition will give Azelis a leading position in personal care and pharma in the CEE region, including the CIS countries. Furthermore it will support the consolidation of our Indian distribution business (mainly chemicals and plastic polymers) with the addition of life science activities. In China we will be able to complement our existing sourcing operations with distribution activities. Last but not least the acquisition of S&D is an important step change towards globalisation through the access to new markets such as Canada, Australia, Middle East and Africa,” informed Joris Coppye, CEO, Azelis.

 

Excluded from the acquisition are those S&D companies involved in the pharmaceutical finished dosage (S&D pharma), chemical synthesis and laboratory supply markets (Chemgo), as well as part of its personal care actives business  (S&D Chesham GmbH and ProTec Ingredia) - these entities will retain their original ownership. The acquisition is expected to close within the first quarter.

(C) WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Gulf Resources agrees to acquire Crude Salt field in China

NEW YORK, US/SHANDONG, CHINA: Gulf Resources Inc recently announced that its wholly-owned subsidiary Shouguang City Haoyuan Chemical Company Ltd (SCHC ...

Read more
Hikma Pharmaceuticals buys minor stake in Unimark for $ 33.3 million

MUMBAI, INDIA: Hikma Pharmaceuticals PLC, a multinational pharma group, will acquire a minority interest in the Indian pharmaceutical company Unimark ...

Read more
SABIC, ExxonMobil JV gives FEED contract for elastomers project

RIYADH, SAUDI ARABIA: Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical announced that Front-End Engineering Design (FE ...

Read more
Bayer CropScience to distribute Chemtura seed treatment products in China

The predicted rapid growth of the seed treatment market in China, has attracted attention of the companies to tap into the potential. The agreement ...

Read more
DSM and Sinopec joint venture to build composite resins facility in China

HEERLEN, THE NETHERLANDS: Royal DSM recently announced that its joint venture Jinling DSM Resins Co, Ltd (JDR) will invest approximately € 50 m ...

Read more
BP and Reliance Industries form transformational JV in India

Reliance Industries Ltd and BP to participate across the gas value chain in India BP to take a 30 per cent stake in 23 oil and gas blocks &nbs ...

Read more