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.