Page 19 - HPIC E-Magazine (January-2021)

News from Abroad

EXPANDING PRESENCE
Azelis acquires majority stake in MKVN Chemicals

and Viet Chemicals

Azelis, a leading distributor of business activity in personal care,”
specialty chemicals and food ingredi- the company said in a press note.
ents, has acquired a majority share-
holding of MKVN Chemicals Co. Ltd. Commenting on the move, Mr.
(MKVN Chemicals) and Viet Chemi- Laurent Nataf, CEO & President of
cals Trading and Service Co. Ltd. (Viet Azelis Asia Pacific, said, “Growth in
Chemicals) through their parent com- Asia Pacific has been one of the stra-
pany Bellekimia Singapore Pte. Ltd. tegic priorities for Azelis. By strength-
(Bellekimia). ening our presence in Vietnam, we
will gain better coverage in the en-
Both companies are active in tire region which is key for us to
personal care, industrial chemicals, attract new mandates with our exist-
agro and food segments, as well as ing principals. MKVN Chemicals and
supply chain solutions. Founded in Viet Chemicals currently operate best-
2000 and with offices in Hanoi and in-class personal care laboratories in
Ho Chi Minh, MKVN Chemicals and Mr. Laurent Nataf Vietnam. These laboratories will pro-
Viet Chemicals have a strong reputa- allowing significant portfolio expan- vide important added value to Azelis’
tion in Vietnam, serving international sion through lateral integration. Be- existing technical expertise and will
th
principals and 700 customers. ing the 15 most populated country bring benefits to the entire region.”
in the world, Vietnam’s young work-
“The strong market presence and force, increasing purchasing power, Azelis has been active in Vietnam
know-how of the local MKVN Chemi- and growing access to premium pro- since 2015 and runs application labo-
cals and Viet Chemicals team will ducts are expected to benefit MKVN ratories for personal care, home care,
increase Azelis’ presence in Vietnam Chemicals’ and Viet Chemicals’ main CASE, and textiles in the country.
SPECIALITY CHEMICALS
Vertellus acquired by PE firm

US-based leader in family direct
investing, Pritzker Private Capital
(PPC), has acquired the Vertellus
for the personal care, healthcare, food ACQUIRED
group of companies, involved in the
manufacture of speciality chemicals

& agriculture, coatings and transpor-
tation markets.

PPC is investing alongside Mr.
John Van Hulle, President and CEO factures more than 700 products at quality products and services to our
of Vertellus, as well as other mem- 10 manufacturing facilities located in customers across the end markets
bers of the Vertellus management the United States, United Kingdom, we serve,” said Mr. Van Hulle. “Our
team. Mr. Van Hulle and existing India and China. partnership with Pritzker Private
management will continue to lead Capital will help us build upon Ver-
the business. “Over our 150+ year history, Ver- tellus’ leading standard of quality,
tellus has built a culture committed service and safety as we advance our
Founded in 1857, Vertellus manu- to delivering industry-leading, high- growth strategy.”
Home, Personal & Institutional Care India January 2021 19