Azelis is to fully acquire Chemcolour, a provider of speciality chemicals and food ingredients in Australia and New Zealand (ANZ).
All 90 staff at the company will transfer to Azelis.
The acquisition is set to strengthen Azelis’ position among the top distributors in ANZ.
Chemcolour is well positioned in the local markets and has shown steady growth over the years, both in the speciality chemicals and food ingredients sectors.
Dr Hans Joachim Müller, Azelis CEO, commented: "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.”
Laurent Nataf, Azelis CEO APAC, added: "Chemcolour has significant presence and a long-standing history in both New Zealand and Australia.
"Their business model is fully tailored to local markets, not only in their superb product portfolio and service, but also in the technical knowledge and commercial skills of their people.”
Murray Nancekivell, Chemcolour CEO: "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."
