24 July 2009
The Board of Azelis Group announces that a strategy review resulted in significant growth targets for the next 3 years, fully supported by its main shareholder 3i. Selected acquisitions will be part of the objective to become the leading pan-European distributor of specialty chemicals providing value added services in selected market segments.
In this context, Hans Udo Wenzel, currently CEO of Azelis is appointed as President of Azelis Holding SA. He will also assume the role as Non - Executive Deputy Chairman of the Main Board.
He will concentrate his activities on the strategic development of the Group, including the identifying and assisting in the execution of a range of identified acquisitions.
Joris Coppye, currently Group Director Operations, is nominated new Chief Executive Officer of the Group.
Hanco van den Akker, Managing Director Benelux, is appointed Group Director Business Operations, with the main task to efficiently coordinate the implementation of European market strategies.
Azelis reports satisfactory first half financial results.
All enquiries to
Joris Coppye, CEO
Tel +32 14 578 105
Azelis is the leading pan-European distributor of specialty chemicals providing value added services to selected market segments.
It was formed in 2001 and has pursued a ‘growth by acquisition strategy’, purchasing small/medium specialty distributors, whilst at the same time developing organic growth through the identification of synergies among the companies in the group.
Today Azelis Group operates in 26 European countries employing nearly 1100 people. It offers international chemical producers access to many specialised market segments. Its international business units focus on providing products and specialist technical services into the Food & Health, Pharma, Personal Care, Animal Nutrition, Plastics, Composites, Rubber, Coatings and Chemical Industries
3i is an international leader in private equity and focuses on Buyouts, Growth Capital and Infrastructure.
3i invests across Europe, North America and Asia. Their competitive advantage comes from an international network and the strength and breadth of their business relationships. These underpin the value that 3i delivers to their portfolio and shareholders.