Connell Brothers acquires Axxone International

Connell Bros. Co LLC (CBC), a division of Wilbur-Ellis and the largest marketer and distributor of speciality chemicals and ingredients in Asia-Pacific, has acquired the assets of Axxone International Pte Ltd, a chemical manufacturing and distribution company with headquarters located in Singapore.

Axxone’s assets have been acquired by CBC’s subsidiary, Core Ingredients, which will continue to operate the business.

"We are very pleased that Axxone has become part of a global organisation that has an extensive regional coatings research capability and all the essential technical competency for coatings development,” said Axxone Co-Founder Vincent Lee.

"Connecting with CBC’s regional network of 18 countries throughout Asia Pacific, we are now well placed to provide even more value-added services to our clients in this region.

"Our search for such a partner organisation has taken three years and CBC fits our needs perfectly."

Alongside over 25 technical centres and almost 50 offices Asia-wide, this new addition to the CBC portfolio is in-line with plans to broaden offerings and capabilities of blended formulations for specific applications.

The new regional technical centre being set up in Singapore will enhance services offered by CBC’s existing regional technical centre in Jakarta, Indonesia.

"CBC drives value through higher expertise by leveraging our capabilities for customers and suppliers,” said CBC President Azita Owlia.

"By adding Axxone’s business to our portfolio, we are strengthening our platform, resulting in faster go-to-market for new innovations.”

Core Ingredients Pte Ltd. will be the focus of CBC’s formulated product growth across Asia Pacific.