Safic-Alcan Strengthens Asian Presence with Acquisition of Ingredients Plus

Safic-Alcan, a prominent specialty chemicals distributor, has acquired Ingredients Plus, a leading regional distributor with established operations in Malaysia and Singapore's personal care markets. 

These two operations were founded in 2007 and 2010, respectively, by Graeme Love and Chai Sien Theng; Ingredients Plus operates from Shah Alam in the Malaysian state of Selangor. The acquisition reportedly represents Safic-Alcan's continued regional expansion strategy.

Strategic Technical Capabilities

Per the companies, Ingredients Plus brings significant technical infrastructure, including specialized laboratories for personal care and fragrance formulation.

"Ingredients Plus has exceptional technical capabilities, boasting three labs for personal care, coatings and fragrances, making it a very strong match for the Safic-Alcan culture. ..." added Laurent Nataf, managing director of mergers and acquisitions.

Expanding Regional Growth

"Following our expansion into India about six months ago, [the acquisition] shows our commitment to further investing in the region. While Safic-Alcan has had a modest presence in Malaysia since 2012, joining forces with Ingredients Plus will create an even stronger platform to capture future growth in the region," stated Yann Lissillour, CEO of the Safic-Alcan Group.

"We are very proud to be joining the Safic-Alcan family," added Sien Theng. "Their international network, technical focus and entrepreneurial mindset make them a natural fit. We are excited about the new opportunities this will bring to our partners and customers across the region."