TAGS: Sealants
Azelis announces the acquisition of 100% of the shares of Whitfield Chemical Group, the parent company of WhitChem. Whitfield Chemical Group is a distributor focused on CASE (coatings, adhesives, sealants and elastomers) and R&PA (rubber & plastic additives) in the UK.
Acquisition Reinforces Azelis’ Position in UK
The acquisition reinforces Azelis’ position in industrial chemicals, and specifically in the CASE and R&PA market segments in the UK. WhitChem’s relationships with blue-chip principals and product portfolio strengthen Azelis’ lateral value chain in the UK, whilst their wide customer base and strong local technical sales team further expand the Group’s product offering and customer reach.
Following the closing, the WhitChem management will stay and support the integration into Azelis, remain committed to growing the business, and further strengthen Azelis’ CASE & R&PA team.
Strong Growth Prospects in CASE Industry
“
WhitChem's expertise, strong relationships and diverse customer base complement the organic growth of Azelis, while at the same time providing a valuable addition for our lateral value chain for this growing market. Over the years, they have proven to be an important technical sales extension for their principals, having grown their market share significantly, and they continue to show strong growth prospects,” said Anna Bertona, CEO & President Azelis EMEA
“
WhitChem look forward to combining the talents and leverage synergies. We see many cross-selling opportunities with complementary product portfolios. CASE and R&PA are markets that have seen significant growth of late and we are eager to expand our product offering and innovative services to the combined customer base. The companies will continue working on adding value and creating continued growth,” said Charles Hawley, Managing Director at WhitChem.
Source: Azelis