Azelis further fortifies its position in the Chinese personal care market with the acquisition of Bronson and Jacobs China
28 October 2020
Azelis is delighted to announce that it has signed an agreement to acquire 100% of the shares of Ixom’s Bronson and Jacobs Hong Kong Ltd business and its fully owned subsidiary in Shanghai (“Bronson and Jacobs China”). Bronson and Jacobs China, specialized in the distribution of personal care ingredients and predominantly for skin care, represents many global principals, and has offices in Hong Kong, Shanghai and Guangzhou. The office in Guangzhou houses a personal care lab.
Highlights & rationale
- The acquisition of Bronson and Jacobs China, following on the acquisition of CosBond in April 2020, will additionally strengthen Azelis’ footprint in the Chinese personal care market.
- It will also enable Azelis to better serve several key multinational customers in China.
- Growth in China, the second largest economy worldwide, is a prime strategic objective for Azelis.
- The transaction, consistent with Azelis' corporate strategy of complementing organic growth with strategic acquisitions, is expected to close within two months.
Laurent Nataf, CEO & President of Azelis Asia Pacific, comments:
“Azelis recently strengthened its presence in Personal Care through the acquisition of CosBond in April 2020. The portfolio of Bronson and Jacobs China is highly complementary to CosBond’s and Azelis’ and will enhance our lateral value chain in this segment. Customers of both organizations will benefit from improved product range and access to additional principals. Furthermore, this acquisition will enable us to reinforce our foothold in the country, perfectly fitting our ambition to become a local champion in Personal Care in China.”
With 15 personal care application labs across the world, out of which seven in Asia Pacific, Azelis’ focus and dedication clearly lies in being an innovative service provider to its customers and principals. This vision of creating innovation through formulation has brought Azelis great recognition of the market. For more information on the innovation awards won by Azelis, please visit Awards section on Azelis’ website.
The acquisition of Bronson and Jacobs China illustrates the support provided by EQT since the initial acquisition of Azelis. EQT is confident that the expanded range of services and global reach provided by this acquisition will continue to bring benefits to customers and principals of the combined group.