Azelis completed the acqusition of a majority stake in Catalite.

Azelis, a service provider in the specialty chemicals and food ingredients industry, completed the acquisition of a majority stake in Catalite, a distributor of specialty chemicals in the Personal Care and Home Care market segments. Financial terms were not disclosed. “We are pleased to embark on this new chapter in our company’s history with Azelis. Becoming part of a renowned international player will be beneficial for our company, customers and principals, with numerous opportunities for growth, and great synergies for both companies. Combining our strengths with Azelis’ will give us access to other reputable principals, further reinforce our technical expertise and formulation development, and enable us to better serve our customers," Udomlak Kootiratrakarn, Catalite CEO.