Azelis have announced in line with its plan to concentrate on speciality chemicals and ingredients, the sale of its Thermoplastic Polymers business to Gazechim Plastics.
This acquisition means Gazechim Plastics is now managing the Thermoplastic Polymers business and its employees, effective from May 15th
Gazechim have established polymers business in France, with 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:
I would like to take this opportunity to thank our principles 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.”