Azelis buys in Vietnam
Azelis has acquired a majority stake in two Vietnamese firms, MKVN Chemicals and Viet Chemicals, via their parent company Bellekimia Singapore. This continues a recent spree of acquisitions and investments in Asia for the global distributor.
Both companies were founded in 2000 and have offices in Hanoi and Ho Chi Minh City. They are active in personal care, industrial chemicals, agrochemicals and food, with about 700 customers. They also have personal care laboratories.