Azelis has agreed to fully acquire Chemcolour, a leading provider of speciality chemicals and food ingredients in Australia and New Zealand. The company employs a team of 90 people, who will all transfer to Azelis.
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.
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.”
Murray Nancekivell, Chemcolour CEO, added: “Chemcolour has positioned itself well in the New Zealand and Australian markets and the time is right to continue this growth. 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.”
