The transaction will make Azelis one of Canada's leading specialty distributors with a strong position in the CASE (coatings, adhesives, construction and ink), food, pharmaceutical, nutraceutical and personal care segments.
"This transaction is an important milestone for Azelis in the Americas. Chemroy is a leading distributor of specialty chemicals and food ingredients in Canada, with an excellent reputation. We share similar values and culture, and this combination will ensure a more robust product portfolio to our customers,” Frank Bergonzi, CEO and president Azelis Americas.
In the deal, Azelis is acquiring 100% of Chemroy Canada Holdings Inc.
Chemroy was founded in 1967 and has 59 employees.