Azelis has announced that it has agreed to fully acquire Chemcolour, Australia and New Zealand’s leading supplier of specialty chemicals and food ingredients. Under the deal, all 90 Chemcolour employees will transfer to Azelis.

“Australia and New Zealand are wealthy countries with a growing population and rich in natural resources. The fact that the fundamentals of the countries positively contribute to the strength of Chemcolour’s business, makes this acquisition a great platform to extend mandates with our existing global principals into Australia and New Zealand,” commented Hans Joachim Muller, CEO of Azelis.

The transaction is expected to complete in the next few months, terms of the deal were not disclosed.