Safic-Alcan announced today that it has completed the acquisition of 100% of Sichuan HuaFaMei Enterprise Co., Ltd. (China
Safic-Alcan, an international distributor of specialty chemicals, is pleased to announce that it has successfully gained full ownership of Sichuan HuaFaMei Enterprise Co., Ltd. (China).
Safic-Alcan announced today that it has completed the acquisition of 100% of Sichuan HuaFaMei Enterprise Co., Ltd. (China) after acquiring 50% stake in 2006. The shareholder and acting President, Mr Charles Hu, will remain in place and will continue to actively manage the business.
Founded in 1997, Sichuan HuaFaMei Enterprise Co., Ltd is affiliated to the Paris-based BimSiframGroup while being also member of the international distributor, Safic-Alcan. The company specialises 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 an outstanding 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. In 2015 the Company registered 14 M€ 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.