Azelis acquires Chemcolour
Azelis has agreed to fully acquire Chemcolour, leading provider of speciality chemicals and food ingredients in Australia and New Zealand (ANZ). The purchase strengthens and positions Azelis among the leading distributors in ANZ.
Chemcolour is 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 strong portfolio of globally established suppliers thanks to their solid values, technical expertise and innovative, problem-solving approach.
Rich in natural resources
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.”
Endorsing growth
Funds advised by Apax Partners have been Azelis’ major shareholders since 2015 and are committed to supporting the company’s growth in the speciality chemicals and food ingredients distribution industry. Acquiring Chemcolour endorses this commitment and Apax is confident that the expanded range of services and global reach provided by this acquisition will bring significant benefits to customers of the combined Group.
The transaction will be closed in the course of the next months.
