Azelis will acquire Chemcolour, a provider of specialty chemicals and food ingredients in Australia and New Zealand (ANZ), and its 90 employees.
The acquisition strengthens and positions Azelis among the top distributors in ANZ.
Funds advised by Apax Partners have been Azelis’ major shareholders since 2015 and are committed to supporting the company’s growth in the specialty chemicals and food ingredients distribution industry.
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.