Velox, the Hamburg-based distributor of raw material specialities, acquires the composites business of the Belgian Azelis Group. At the time of acquisition this Azelis business area comprises some 50 employees in 12 European countries and reports turnover of around € 50 million.
Azelis has 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.
Elasto Müller Kunststoffe, the TPE division of Hexpol, is pleased to announce they have agreed a deal to take over the business activities of European Plastic Sealants (EPS) based in Sottrum, Germany from 1 July 2012.
BASF announced that it has acquired the polyamide (PA) polymer business of the Mazzaferro Group, Brazil and is hereby further strengthening its position with regard to engineering plastics and polyamide polymers in South America.