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Azelis to sell thermoplastic polymers business

News International-French

13 Jun 2012

Azelis announced, in line with its strategy to focus on specialty chemicals and ingredients, the sale of the Thermoplastic Polymers Business Area within the Azelis Group to Gazechim Plastics who has acquired this business.

This transfer means Gazechim Plastics is now managing in its entirety the Thermoplastic Polymers business and its employees, effective May 15th.

Gazechim Group was deemed to be the ideal partner to sell the business to, as they were looking to complement their already strong presence in thermoplastic and thermoset products, refrigerant and liquefied gases, with a leading polymers offering. With an established polymers business in France, they have a stated strong vision and strategy to develop a fully pan-European platform in polymers and are ready to invest in this area for the future growth and development of products and people. As part of the agreement, in some countries Azelis will grant services to the business to help provide a smooth transition.

Michel Dubois, Group Director Strategy and Marketing, states: “I would like to take this opportunity to thank our principals in Thermoplastic Polymers for their help and support over the last years and for their cooperation in the sale of the business. We are confident that Gazechim will remain a suitable distribution partner, committed to successfully growing a sustainable polymers business”.

Jean Guittard, CEO of Gazechim Group: “This transaction allows us to extend our polymers offering beyond France, where we are one of the market leaders, to the rest of Europe. We are pleased to welcome our new colleagues to the Gazechim team and are committed to investment in the polymers business. Going forward we look to accelerate our product offering and service to our customers and partners.”

About Groupe Gazechim
Groupe Gazechim is an established, family owned distributor of high quality liquefied and refrigerant gas, and plastic products with over 40 years experience supplying across Europe and with sales of 340m€. Headquartered in France, the company has a strong reputation for quality and professionalism and is well recognised in the industry as being one of the leaders in their field.

About Azelis
Azelis is the leading Pan-European specialty chemicals distributor providing a diverse range of innovative products and services. We serve 50,000 customers in the coatings, MPA, chemicals, composites, rubber, food & health, animal nutrition, pharma and personal care industries.
Through sourcing and distribution channels in every major market around the world, Azelis with its corporate service centre in Antwerp, Belgium, offers chemical producers market penetration, in-depth local knowledge, value-added services and tailored multi-territory solutions. Azelis, backed by private equity investor 3i, has a turnover of €1,200 million and employs 1,300 knowledgeable people located in 37 facilities in 32 countries across Europe, China, Canada, India and Australia.

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