July 5 2016, David R Brown

Safic-Alcan has announced that it has completed the acquisition of 100% of Sichuan HuaFaMei Enterprise Co., Ltd. (China) after acquiring a 50% stake in 2006. The shareholder and acting President, Mr Charles Hu, will remain in place and will continue to actively manage the business.

Acquiring full ownership of Sichuan HuaFaMei Enterprise is part of our strategy to expand in Asia

Martial Lecat
CEO of Safinca, the holding company of Safic-Alcan Group

Founded in 1997, Sichuan HuaFaMei Enterprise Co., Ltd is affiliated to the Paris-based BimSifram Group which is also forms part of the international distributor, Safic-Alcan. The company specializes in offering active pharmaceutical ingredients, intermediates, plant extracts, chemical raw materials, drug products as well as wide ranges of APIs.

Sichuan HuaFaMei Enterprise Co., Ltd has developed a strong reputation in the distribution of products with guaranteed traceability from export and import to final distribution and the reliability of its sourcing procedures. The company has also proven record of strong international customer relationship through its highly professional and dedicated teams. Sichuan HuaFaMei Enterprise Co. Ltd. employs 44 people in China and in 2015 the Company registered EUR 14 million in revenues.

“Acquiring full ownership of Sichuan HuaFaMei Enterprise Co., Ltd. is part of our strategy to expand in Asia. This acquisition will give Safic-Alcan direct access to the multinational pharmaceutical companies that have located in China and the opportunity to build upon the existing infrastructure to have a foothold in Asia from which Safic-Alcan can expand throughout the region,” stated Martial Lecat, CEO of Safinca, the holding company of Safic-Alcan Group.

About Safic-Alcan
Safic-Alcan, a French multinational distributor of specialty chemicals headquartered in Paris-La Défense (France), develops and provides a large range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries. The Group is present in all major countries of the European Union, as well as in Turkey, and China with on-going strategic development in Eastern European countries and the USA. In 2015, Safic-Alcan posted nearly EUR 466 million.

Source(s): Safic-Alcan Press Release

Further Information

Visit: http://www.safic-alcan.com