Azelis to acquire ANZ chemicals, ingredients supplier27 Jul 2017
Azelis has agreed to acquire Chemcolour, a provider of speciality chemicals and food ingredients in Australia and New Zealand (ANZ). The company employs a team of 90 people.
Azelis has agreed to acquire Chemcolour, a provider of speciality chemicals and food ingredients in Australia and New Zealand (ANZ). The company employs a team of 90 people, who will all transfer to Azelis. Azelis said the acquisition strengthens and positions it among the top distributors in ANZ.Chemcolour is, says Azelis, well positioned in the local markets and has shown steady growth over the years, both in speciality chemicals and food ingredients sectors. The company has built a portfolio of globally established suppliers.“Australia and New -Zealand are wealthy countries with a growing population and rich in natural resources,” said Dr Hans Joachim Müller, Azelis CEO. “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.”“Chemcolour has significant presence and a long-standing history in both New Zealand and Australia,” said Laurent Nataf, Azelis CEO APAC. “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. It is a perfect fit, as we have always strived to be the best local champion in every region we serve. I am confident we will create many synergies and achieve new wins together.”“Chemcolour has positioned itself well in the New Zealand and Australian markets and the time is right to continue this growth,” said 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.”
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