Azelis further strengthens Asia Pacific footprint
Azelis has announced the acquisition of a majority stake in Catalite, a well-established distributor of specialty chemicals in Thailand.
Catalite specialisies in the Personal Care and Home Care market segments, as well as industrial formulators, intermediates and coatings, in Thailand.
The acquisition is intended to reinforce the Group’s footprint in the Life Sciences market, and complements its Industrial Chemicals portfolio in the country. With a portfolio of products from several key principals, Catalite serves a large, growing customer base from its site in Bangkok, providing the Group a solid platform to accelerate its growth in the domestic market, and the wider Asia Pacific region.
Employees will all join Azelis
Catalite’s 49 employees will all join Azelis, with its leadership, including Chief Executive Officer Ms. Udomlak Kootiratrakarn and Chief Commercial Officer Mr. Vaivit Arkaresvimun continuing to lead the business. The transaction is expected to close in the first quarter of 2022, after fulfilment of customary closing conditions.
