Azelis strengthens footprint in South Africa through the acquisition of CPS Chemicals (Coatings)
Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of CPS Chemicals (Coatings), a specialty chemicals distributor to the paint, ink, resins, paper, plastics, and rubber industries.
The acquisition expands the group’s footprint in South Africa, complementing Azelis’ lateral value chain in the CASE segment. Founded in 1993, CPS Chemicals (Coatings) is a distributor of specialty chemicals mainly serving the paint and ink markets in South Africa. Located in Durban, the company employs 11 people, who maintain and develop a well-established market position owing to long-standing relationships with global principals and local customers. The company provides an extensive portfolio of products alongside dynamic service levels and technical expertise.
Boston Moonsamy, Managing Director Azelis South Africa, adds: “The strategy of CPS Chemicals (Coatings) is perfectly aligned with Azelis’ “Innovation through formulation” vision, looking to engage with customers on a technical level by offering solutions via the laboratories and R&D programs of its principals.”
