July 25 2017, David R Brown
Azelis gains a leading position in Australia and New Zealand with the acquisition of Chemcolour
Azelis has agreed to acquire Chemcolour, leading provider of speciality chemicals and food ingredients in Australia and New Zealand (ANZ). The company employs a highly knowledgeable team of 90 people, who will all transfer to Azelis. The acquisition makes Azelis one of the top distributors in the Australasian region.
The acquisition provides a great platform to extend mandates with our existing, global principals into Australia and New ZealandDr Hans Joachim Müller
CEO of Azelis
Dr Hans Joachim Müller, Azelis CEO, comments on the deal: “Australia and New -Zealand are wealthy countries with a growing population and rich in natural resources. The fact that the fundamentals of the countries positively contribute to the strength of Chemcolour's business, makes this acquisition a great platform to extend mandates with our existing, global principals into Australia and New Zealand.”
Murray Nancekivell, Chemcolour CEO: “Chemcolour has positioned itself well in the New Zealand and Australian markets and the time is right to continue this growth. The acquisition of Chemcolour by Azelis puts us in an even stronger position in the market to better serve our customers and principals. This, coupled with the strongly aligned Azelis and Chemcolour values, provides excellent opportunities for our employees going forward.”
Chemcolour has shown steady growth over the years, both in speciality chemicals and food ingredients sectors, and the company has built a strong portfolio of globally established suppliers. The transaction will be closed in the course of the next few months.
Azelis is a leading global speciality chemicals and food ingredients distributor providing a diverse range of innovative products and services. Dedicated teams serve customers in the following industries: Personal Care, Pharma, Food & Health, Animal Nutrition, Specialty Agri/Horti, Homecare & Industrial Cleaning, CASE (coatings, adhesives, sealants & elastomers), Chemicals, Lubricants & Metal Working Fluids and Rubber & Plastic Additives. The Group has a turnover of around €1.6 billion and employs around 1,700 knowledgeable people located in more than 60 facilities in over 40 countries across the EMEA, Asia Pacific and Americas regions.
Source(s): Azelis Press Release