Azelis Acquired CPS Chemicals

Date: 18/06/2024
Categorías: Corporativo
Logos of Azelis and CPS

The acquisition of CPS Chemicals will enable Azelis to better serve customers in the South African paint and coatings market.

Azelis has recently signed an agreement to acquire 100% of the shares of the coatings and paints distributor CPS Chemicals, which is based in Durbanan (South-Africa). The acquisition expands the footprint of the company in the region, complementing its lateral value chain in the coatings, adhesives, sealants and elastomers (CASE) segment and allowing Azelis to better serve customers and accelerate the growth in South Africa and the broader region.

“The strategy of CPS Chemicals (Coatings) is perfectly aligned with the vision of Azelis ‘Innovation through formulation’, looking to engage with customers on a technical level by offering solutions via the laboratories and research and development programmes of its principals. CPS Chemicals (Coatings) will now be able to benefit from our global network of laboratories, as well as the technical and innovation experience and expertise of its teams,” has stated Boston Moonsamy, the managing director of Azelis in South-Africa.

Founded in 1993, CPS Chemicals (Coatings) is a distributor of specialty chemicals mainly serving the paints, coatings, inks and resins markets in South Africa. The company employs eleven people who maintain and develop a well-established market position owing to long-standing relationships with global principals and local customers. It provides an extensive portfolio of products alongside dynamic service levels and technical expertise.

“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,” has added Nicholas Colepeper, the managing director of CPS Chemicals.