Chemtura’s Urethanes business expands its distribution relationship with Azelis Americas
PHILADELPHIA, Pa., May 8, 2016 -- Chemtura Corporation (NYSE: CHMT) announces today that Azelis Americas will be its sole distributor for its pre-polymer urethanes, curatives and polyester polyols product lines* in North America.
Effective July 26, 2016, Chemtura will be expanding its relationship with Azelis Americas in addition to the current urethanes surface coatings portfolio. Bill Wallace, Business Director for the Americas, states that “Chemtura is committed to enabling our customers’ growth, hence consolidating our distribution channel with Azelis makes sense given their world-class technical capabilities and supply chain expertise allowing Chemtura to more efficiently serve all market segments.”
Also effective July 26, Chemtura will be discontinuing its relationship with AdipreneDirect in North America. “Our intent is to provide customers with plenty of advance notice of the change in our distribution channel, so they can connect with Azelis Americas and prepare for a smooth transition” says Bill Perry, Chemtura’s North America Distribution Channel Manager. “We’re asking customers in the United States and Canada to continue to work with AdipreneDirect as they normally would through July 25, before the changeover to Azelis Americas.” During this time, Azelis Americas will be proactively contacting customers to help facilitate the transition.
Frank Bergonzi, CEO and President of Azelis Americas, states, "We are excited to be expanding our relationship with Chemtura. We have the technical capabilities in the lab and in our sales force to grow this technology for Chemtura”. He added, "This product portfolio fits well within our CASE market segment and I am confident Dan Gruber, (President CASE), and our technical sales team are up to the challenge".
Customers with questions that require immediate attention should contact Chemtura’s Distribution Channel Manager Bill Perry at 203-525-7892.
Azelis Americas (formerly KODA Distribution Group) is a leader in specialty chemical distribution in the US and Canada. Azelis Americas is organized around industry sectors in the following focus markets: CASE (Coatings, Adhesives, Sealants & Elastomers), Specialty Ag/Horticulture, Personal Care, Homecare & Industrial Cleaning, Pharma, Chemical Industries, Rubber and Plastic Additives, Lubricants and Metalworking Fluids. Azelis Americas will continue to operate in the USA and Canada using its existing business model and go-to-market strategy. Its renowned local brands will be maintained and co-branded with the Azelis visual identity, thereby emphasizing its local focus on absolute customer service, now backed by a global structure. Azelis Americas is headquartered in Stamford, CT. www.azelisamericas.com. Azelis Americas is part of the Azelis Group which is based in Luxembourg.
Chemtura Corporation had sales of $1.7 billion in 2015 and is a global, specialty chemicals company listed on the New York Stock Exchange and Euronext Paris (CHMT), with leading positions in diversified markets. The Company builds chemistry that makes other products more durable, safer, cleaner and more efficient. Major industries served include transportation and energy & electronics. With global headquarters in Philadelphia, Pennsylvania, USA, Chemtura manufactures products in 11 countries and sells products in over 80 countries. It has approximately 2,500 employees in research, manufacturing, sales and administrative facilities in every major market of the world, with regional headquarters and shared service centers in Shanghai, China; Middlebury, Connecticut, USA; and Manchester, United Kingdom/Frauenfeld, Switzerland. Additional information concerning Chemtura is available at www.chemtura.com.
* Pre-polymer and curative brands: Adiprene®, Vibrathane®, Royalcast®, Royalbond®, Caytur®, Duracure® and Vibracure®. Polyester Polyols are sold under the Fomrez® brand.
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