The Belgian-based multinational says the deal, which will bring Chemcolour’s 90 staff into its fold, will cement its position as one of the region’s top distributors.
Chemcolour has shown steady growth in speciality chemicals and food ingredients division.
“Chemcolour has significant presence and a long-standing history in both New Zealand and Australia. Their business model is fully tailored to local markets, not only in their superb product portfolio and service, but also in the technical knowledge and commercial skills of their people,” said Laurent Nataf, Azelis’s regional chief executive.
“It is a perfect fit, as we have always strived to be the best local champion in every region we serve. I am confident we will create many synergies and achieve new wins together.”
The transaction is expected to close in the next few months.