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Azelis divests composites, appoints Müller CEO

6:21 AM MDT | October 5, 2012

Müller: Switching to a new role in chemical distribution. Specialty chemicals distributor Azelis (Antwerp) has sold its composites business to specialties distributor Velox (Hamburg), effective 1 October 2012. The sale follows a review by the Azelis board, which determined that the composites market was “subcritical” for the company, Azelis says. Azelis also divested its thermoplastic polymers business recently, to Gazechim Plastics (Béziers, France). Separately, Azelis has appointed Hans-Joachim Müller CEO, succeeding Joris Coppye...

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