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07-09-2012

Azelis sells Thermoplastic Polymers Business

Azelis announced, in line with its strategy to focus on specialty chemicals and ingredients, the sale of the Thermoplastic Polymers Business Area within the Azelis Group to Gazechim Plastics who has acquired this business.

This transfer means Gazechim Plastics is now managing in its entirety the Thermoplastic Polymers business and its employees, effective May 15th.

Gazechim Group was deemed to be the ideal partner to sell the business to, as they were looking to complement their already strong presence in thermoplastic and thermoset products, refrigerant and liquefied gases, with a leading polymers offering. With an established polymers business in France, they have 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.

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