CONNELL BROTHERS EXPANDS MANUFACTURING CAPABILITY IN ASIA WITH ACQUISITION OF AXXONE INTERNATIONAL

Acquisition of Axxone International Strengthens Strategic Commitment to Leverage Capabilities for CBC Customers

SINGAPORE – October 24, 2017 – Connell Bros. Co. LLC (CBC), a division of Wilbur-Ellis and the largest marketer and distributor of specialty 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 Pte Ltd., which will continue to operate the business.

"We are very pleased that Axxone has become part of a global organization 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 organization has taken three years and CBC fits our needs perfectly."

Alongside over 25 technical centers 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 center being set up in Singapore will enhance services offered by CBC’s existing regional technical center 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.

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About Connell Bros. Co.
Founded in 1898, Connell Bros. Co., LLC is one of the Wilbur-Ellis family of companies and is the largest marketer and distributor of specialty chemicals and ingredients in Asia-Pacific with a keen focus on technical service, customer support, and environmental, health, and safety. Connell Brothers (CBC) provides complete supply chain management from transportation, documentation, warehousing and sales right across 18 countries and in 48 offices located throughout the Asia Pacific region. For more information, please visit www.connellbrothers.com.

About the Wilbur-Ellis Companies
Founded in 1921, the Wilbur-Ellis companies are leading international marketers and distributors of agricultural products, animal feed and specialty chemicals and ingredients. By developing strong relationships, making strategic market investments and capitalizing on new opportunities, the Wilbur-Ellis companies have continued to grow the business with sales now over $3 billion. www.wilburellis.com.