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Azelis, a leading global innovation service provider in the speciality chemicals and food ingredients industry, has signed an agreement to acquire 100% of the shares of CPS Chemicals (Coatings) Pty Ltd (‘CPS Chemicals (Coatings)’), a speciality chemicals distributor to the paint, ink, resins, paper, plastics and rubber industries.
The acquisition expands the group’s footprint in South Africa, complementing Azelis’ lateral value chain in the CASE segment. It will allow Azelis to serve customers better and accelerate growth in South Africa and the broader EMEA region.
Founded in 1993, CPS Chemicals (Coatings) is a distributor of speciality chemicals mainly serving the paint and ink markets in South Africa. Located in Durban, the company employs 11 people, who maintain and develop a well-established market position owing to long-standing relationships with global principals and local customers. The company provides an extensive portfolio of products alongside dynamic service levels and technical expertise.
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Nicholas Colepeper, Managing Director of CPS Chemicals (Coatings), comments: “By joining the dynamic world of Azelis, I am truly excited by the prospect of leveraging their vast expertise and innovative spirit to propel our company to new horizons. Together, we are ready to achieve remarkable milestones and redefine success.”
Chris Sacy, Managing Director Azelis MEA, says: “I am delighted to welcome the CPS Chemicals (Coatings) teams to our company. Thanks to their experience and highly complementary portfolio, I am convinced that the combined offering of Azelis and CPS Chemicals (Coatings) will further strengthen our position us as one of the leading distributors of specialised CASE chemicals in South Africa.”
Boston Moonsamy, Managing Director Azelis South Africa, adds: “The strategy of CPS Chemicals (Coatings) is perfectly aligned with Azelis’ “Innovation through formulation” vision, looking to engage with customers on a technical level by offering solutions via the laboratories and R&D programs of its principals. CPS Chemicals (Coatings) will now be able to benefit from Azelis’ global network of laboratories, as well as the technical and innovation experience and expertise of its teams.”
