Global ingredients company Azelis has strengthened its presence in Canada through the acquisition of Chemroy, a distributor of speciality chemicals and food ingredients.
Financial details of the acquisition have not been disclosed by either company.
Chemroy Canada, which employs 59 people, complements Azelis in terms of product offering, markets served and principal relationships.
Azelis Americas president and CEO Frank Bergonzi said: “This transaction is an important milestone for Azelis in the Americas.
“Chemroy is a leading distributor of speciality 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.”
Founded in 1967, Chemroy Canada is headquartered in Brampton, Ontario. It has warehouses across the country and offices located in Laval, Quebec and Vancouver, British Colombia.
Chemroy president John Graham said: “We are confident in the success of this acquisition, which is an exciting opportunity for our employees to join forces with an established global player in Azelis.
“We share similar strategies and culture and I am confident that Chemroy will continue to thrive under its new ownership.”
Earlier this month, Azelis strengthened its presence in the Indian food segment by acquiring the distribution activities of MK Ingredients & Specialties and SSD Industries (combined MK).
Azelis also agreed to acquire Euroconsultant, a Polish distributor of flavours, shelf life extenders and other products, predominantly for the meat segment.
