March 12 2019, David R Brown
Azelis strengthens its presence in Canada through the acquisition of Chemroy
Azelis has acquired 100% of Chemroy Canada Holdings Inc., a Canadian distributor of specialty chemicals and food ingredients. The deal will make Azelis one of Canada's leading specialty distributors with strong positions in the CASE (coatings, adhesives, construction and ink), food, pharmaceutical, nutraceutical and personal care segments.
This transaction is an important milestone for Azelis in the AmericasFrank Bergonzi
CEO and President Azelis Americas
Chemroy was founded in 1967 and has 59 employees. Headquartered in Brampton, Ontario, the company offers warehousing across Canada and has further offices in Laval, Quebec and Vancouver, British Colombia. The acquisition of Chemroy complements Azelis in terms of markets served, principal relationships and product offering. Azelis already has well established relationships with the majority of Chemroy's principals.
Commenting on the announcement, Frank Bergonzi, CEO and President Azelis Americas, says:“This transaction is an important milestone for Azelis in the Americas. Chemroy is a leading distributor of specialty chemicals and food ingredients in Canada, with an excellent reputation. We share similar values and culture, and this combination will ensure a more robust product portfolio to our customers.”
Hans Joachim Müller, Group CEO Azelis, adds: “With the acquisition of Chemroy, we establish a strong footprint in Canada. This is an excellent strategic fit and we are excited by the opportunity for further growth, in both Canada and the US. Chemroy's activities in the food and nutraceutical markets will allow us to expand this segment, by leveraging our relationships with global partners.”
John Graham, President at Chemroy, concludes: “We are confident in the success of this acquisition, which is an exciting opportunity for our employees to join forces with an established global player in Azelis. We share similar strategies and culture and I am confident that Chemroy will continue to thrive under its new ownership.”
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 40 countries across the globe with around 1,900 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to over 40,000 customers, creating a turnover of EUR 1.94 billion. In the US we operate under a number of renowned co-brands that cater to the various markets in the region. Throughout our extensive network of more than 50 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release