Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that is has signed an agreement to acquire 100% of the shares of Chemiplas Agencies Ltd (“Chemiplas”), one of the leading distributors of specialty chemicals, plastic raw materials and ingredients in Australia, New Zealand and the Pacific Islands, said the company.
The acquisition significantly expands Azelis’ footprint and accelerates its growth in Asia Pacific. The addition of Chemiplas’ attractive portfolio of products from key principals strategically complements the group’s lateral value chain, strengthening market coverage and formulation expertise. This allows the group to provide even more innovative solutions to customers, thereby reinforcing its position in Australia and New Zealand.
Founded in 1976, Chemiplas’ strong network is supported by long-standing partnerships with over 200 global, regional and local strategic principals. Chemiplas employs more than 100 staff, including an experienced and dedicated sales team, serving a substantial customer base of over 1,900 companies from its headquarters in Auckland and six other offices across Australia and New Zealand. With two food application laboratories in Auckland and Melbourne, Chemiplas is well-placed to leverage an extensive product portfolio and provide innovative solutions to customers. Chemiplas’ management team and employees will become part of the Azelis family, supporting the business and integration process. The transaction is expected to close before the end of the first quarter of 2023, after fulfilment of customary closing conditions.
As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire 100% of the shares of Chemical Solutions Sdn Bhd (“ChemSol”), one of the leading distributors of raw materials in the Personal Care, Cosmetics and Household markets in Malaysia.
mrchub.com