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Safic-Alcan expands footprint in Asia Pacific with acquisition of Ingredients Plus
Safic-Alcan strengthens its position in the Asia Pacific region by acquiring Ingredients Plus in Malaysia and Singapore, focusing on specialty chemicals for personal care, home care, coatings and other applications.
Safic-Alcan, an international distributor of specialty chemicals, has acquired Ingredients Plus in Malaysia and Singapore. Founded in 2007 and 2010, the two entities have built strong expertise in raw materials for personal care, home care, coatings, rubber latex, food and flavours. With this acquisition, Safic-Alcan continues its regional growth strategy, following its entry into the Indian market six months ago. The company has also maintained a modest presence in Malaysia since 2012.
The integration of Ingredients Plus will create a stronger platform for future growth in the Asia Pacific coatings and specialty chemicals market. “Ingredients Plus has excellent technical capabilities, with three laboratories dedicated to personal care, coatings and fragrances. This makes it a strong cultural fit for Safic-Alcan,” said Laurent Natal, Managing Director of Mergers and Acquisitions.
Growth opportunities in the Asia Pacific coatings market
Ingredients Plus co-founder Chai Sien Theng welcomed the acquisition: “We are proud to join the Safic-Alcan family. Their international network and technical focus open up new opportunities for our partners and customers across the region.” Established in 2005 in Sydney, Ingredients Plus has grown into a leading distributor of specialty chemicals for personal care, home care, coatings, pharmaceuticals and food ingredients.
With this step, Safic-Alcan secures its long-term presence in the growing Asia Pacific region. By combining global reach with local expertise, the company aims to create new business opportunities for customers and partners.
