ANTWERP, Belgium - Specialty chemicals distributor Azelis, Antwerp, Belgium, has sold its international Composites business to VELOX GmbH, Hamburg, Germany. VELOX took control of the Composites business and its employees on October 1, 2012.
The Azelis board decided to focus the company’s future development plans in Europe on the industrial chemicals, coatings, rubber and plastic, and life sciences markets. Further expansion within Asia-Pacific is also another key pillar using a specialty chemicals business model.
Michel Dubois, Group Strategy Officer, commented, “Azelis would like to take this opportunity to thank our Composites suppliers for their support over the years and for their cooperation in the sale of the business. We are convinced that VELOX will remain a suitable distribution partner successfully growing a sustainable composites business.”