Menu Azelis strengthens its presence in the Chinese market with the acquisition of WWRC (CHINA) HOLDINGS LIMITED and FRIENDSHIP CHEMICAL COMPANY LIMITED 27 September 2021 Azelis is reinforcing its presence in the Chinese market with the acquisition of a 100% stake in WWRC (CHINA) HOLDINGS LIMITED (“WWRC China”) and FRIENDSHIP CHEMICAL COMPANY LIMITED (“Friendship Chemical”). These acquisitions will provide a strong foothold in the CASE (coatings, adhesives, sealants and elastomers) and R&PA (rubber and plastic additives) industrial chemicals segments, further strengthening the Group’s lateral value chain. Highlights & rationale The acquisition of WWRC China and Friendship Chemical broadens Azelis’ offering and geographic reach in the Chinese market Both acquisitions provide a base for expansion into the industrial chemicals sector in the wider Asia Pacific region These transactions are aligned with Azelis’ strategy to support global coverage with local teams and complement organic growth with strategic value enhancing acquisitions Founded in 1990, WWRC China is a leading Chinese distributor in the CASE and R&PA market segments and, like Azelis, strives for an innovative and enhanced offering through the use of laboratories. From its five offices in Hong Kong, Guangzhou, Tianjin, Shanghai and Chengdu, WWRC China serves around 3,000 customers with an attractive portfolio of principals. WWRC China’s 91 employees will all join Azelis. Headquartered in Hong Kong, Friendship Chemical is a prominent player in the distribution of herbal oil ingredients. This transaction was signed in summer 2021 and is expected to close in October 2021. Mr. Ching Kiu Wong, majority shareholder of WWRC China and sole owner of Friendship Chemical, comments: “Over the past 30 years, we have built a strong market presence inChina, one of the world’s leading economies. We pride ourselves on the long-term relationships with our principals and customers who are used to receiving the highest quality service from us. Combining our strengths with Azelis’ will allow us to further improve our services and product offerings to our partners. Joining forces will also allow us to further strengthen our technical expertise and formulation development.” Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, adds: “We are excited that this union will grow our business in the industrial chemicals sector as WWRC China’s segments are highly complementary to Azelis China’s. WWRC China has excellent relationships with large Chinese suppliers, creating opportunities to expand with these principals worldwide. We also share the same vision and focus on sustainability and commitment to our partners. The addition of WWRC China’s offices increases our geographical coverage in China, allowing us to better serve our customers.” Azelis has been active in China since 2012 and operates four dedicated application laboratories that provide innovative solutions to customers in the Food & Health and Personal Care market segments, amongst others. Azelis recently acquired the Greater China operations of Ingredients Plus, strengthening its presence in the Personal Care industry. Share Innovation through formulation Copyright © 2021. All rights reserved. Legal menu Cookie statement Privacy statement Terms & Conditions This site uses cookies to store information on your computer. Some of these cookies are essential to make our site work and others help us to improve by giving us some insight into how the site is being used. For more detailed information, please check our Cookie statement (Opens in a new window) I Accept Necessary Cookies Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences. Analytical and statistical These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. Analytical and statistical On Off Marketing and advertising These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising. Marketing and advertising On Off About this tool (Opens in a new window)