Yesterday, Azelis, a prominent service provider in the specialty chemicals and food ingredients sector, has entered into a new regional distribution agreement with the Citróleo Group, a leading developer of 100% natural and sustainable ingredients for personal care products. This partnership enables Azelis to distribute Citróleo Group’s product portfolio across several key markets in Asia, including India, Korea, Malaysia, the Philippines, and Singapore.
This collaboration marks Citróleo Group’s first distribution partnership with Azelis in the Asia-Pacific region. According to Juliano Della Coletta, Citróleo Group’s Chief Operating Officer, the agreement aligns well with Azelis’ market penetration and technical expertise. The two companies’ complementary capabilities will further enhance their offerings in the personal care market.
Citróleo Group is renowned for its ethical sourcing and commitment to circular production, with a focus on natural materials sourced primarily from the Amazon rainforest. Its product portfolio, which includes botanical actives, oils, and butters, offers a variety of benefits such as moisturizing, anti-aging, and anti-inflammatory properties. These sustainable ingredients are widely used in skin care and hair care formulations, providing eco-friendly solutions to the personal care industry.
Sasirin Sirilerdrawee, Asia Pacific Personal Care Market Segment Director at Azelis, emphasized that Citróleo Group’s range is a valuable addition to Azelis’ portfolio, supporting the company’s mission to promote sustainable personal care solutions throughout the region. Azelis is excited to combine its market expertise with Citróleo Group’s innovative products to offer customers new and advanced solutions.
According to Azelis’ latest financial report, in the first half of 2024, the group’s revenue in the Asia-Pacific region decreased by 4.4% to €441.8 million. The decline was primarily due to a 3.6% reduction in organic revenue and a 3.5% negative impact from currency conversion. However, this was partially offset by a 2.8% revenue growth contribution from recent acquisitions.
