Company News, Financial News

Azelis Acquires Major Stake in Catalite Co. to Strengthen Asia-Pacific Presence

The purchase increases personal care and home care services and offerings in Thailand.

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By: TOM BRANNA

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Azelis has acquired a majority stake in Catalite Co., Ltd. A purchase price was not disclosed. The move bolsters Azelis' presence in Thailand and throughout Asia-Pacific, according to company executives. Catalite is a well-established distributor of specialty chemicals in the personal care and home care market segments, as well as industrial formulators, intermediates and coatings, in Thailand, according to Azelis. “A strengthened presence in Thailand deepens our coverage in Asia Paci...

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