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O'Connors advises Azelis Group on Reichhold distribution deal
Reichhold, the world’s largest producer of unsaturated polyester resins for the fabrication of composites products and a leading supplier for coating resins, has appointed Azelis company, Brøste UK, as its distribution partner to serve the UK market with the exception of Northern Ireland.
Reichhold customers for polyester, vinyl ester, gel coat and bonding paste products come from a number of market sectors including wind energy, building and construction, marine, transportation and kitchen and bath manufacturing. Headquartered in North Carolina, USA, Reichhold has manufacturing operations throughout North America, Latin America, the Middle East and Europe.
Regional Sales Manager, Maarten van den Ouden, said: "We maintain that our quality brands should be supported by quality service. Through this new partnership our customers will gain the benefit of a dedicated and technically experienced team from the Azelis Composites International Business with many years of application experience in this highly specialised area. We expect to continue to meet our customers' needs and exceed their expectations."
Gianni Ostelli, Azelis Composites International Business Director, added: "This reaffirms for Azelis the value of having a specialist focus in this highly technical application area. We look forward to providing excellent customer service and to growing the business for Reichhold."
Azelis was formed in 2001 and has pursued a 'growth by acquisition strategy', purchasing small and medium specialty distributors, whilst at the same time developing organic growth through the identification of synergies among member companies. The Azelis Group operates in 26 European countries and has offices in Shanghai, Mumbai and Moscow. 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, Pharmaceuticals, Personal Care, Animal Nutrition, Plastics, Composites, Rubber, Coatings and Chemical Industries.
O'Connors LLP's corporate finance team, comprising Mark O'Connor, John Spofforth and David Malone, acted for Azelis on the transaction.
