Personal care distributor Azelis has signed an agreement to acquire 100% of New Zealand-based counterpart Chemiplas.
Founded in 1976, Chemiplas employs more than 100 staff serving a customer base of over 1,900 companies from its headquarters in Auckland and six other offices across Australia and New Zealand.
Its network is supported by long-standing partnerships with over 200 global, regional and local strategic principals.
Azelis said the addition of Chemiplas’ products portfolio from key principals strategically complements the group’s lateral value chain, strengthening market coverage and formulation expertise, as well as strengthening its Asia-Pacific footprint.
“This acquisition is another illustration of our strong commitment to continued growth in the Asia Pacific region, and is an important milestone in our strategic vision of becoming a market leader in Australia and New Zealand,” said CEO Dr. Hans Joachim Müller.
“The acquisition of Chemiplas provides Azelis with a broader, more comprehensive lateral value chain, an experienced team with a shared vision, and a stronger regional presence across key market segments,” he added.
“Customers and principals will benefit from the enhanced solutions offered thanks to our collective innovation capabilities and complementary product portfolio.”
The transaction is expected to close before the end of the first quarter of 2023, after fulfilment of customary closing conditions.
Chemiplas’ management team and employees will become part of the Azelis family, supporting the business and integration process.