Azelis Boosts Life Science Portfolio In Australia With Acquisition Of CW Pacific
Monday, January 4th, 2021 | 579 Views
Azelis has signed an agreement to acquire 100 percent of the shares of CW Pacific, Elle Bee Exports, CW Pacific Specialties and EB1 Pty Ltd (“CW Pacific”) in Australia. CW Pacific specialises in the distribution of food ingredients for the bakery and meat market as well as specialty chemicals for the horticulture market. They primarily serve the Australian market but also Papua New Guinea, New Zealand and other Pacific Islands.
The acquisition of CW Pacific will boost the footprint of Azelis Australia in the life science sector. CW Pacific and Azelis are both focussed on a steady expansion of technical expertise to bring innovative solutions to customers. The transaction, consistent with Azelis’ corporate strategy of complementing organic growth with strategic acquisitions, is expected to close in two months.
“The portfolio of CW Pacific is highly complementary to our current one and will boost the life sciences portfolio of Azelis Australia and New Zealand. The acquisition of CW Pacific will increase our market presence and overall product offering and it will generate cross-selling opportunities in food and agrochemicals. Customers of CW Pacific and Azelis will benefit from the improved product range, while it will also facilitate our sales growth in the food market of New Zealand, to name only some of such opportunities,” commented Laurent Nataf, CEO & President of Azelis Asia Pacific.
“We have built an excellent local commercial presence in the market over the years. By becoming part of a strong international player such as Azelis, we will bring considerable added value for our principals, our customers as well as to the team of CW Pacific. This new partnership will provide continuity of our business and access to additional customers and suppliers, as well as further expertise, infrastructure and growth opportunities. In short, we see many synergies and we are thrilled about the next chapter in our company history,” added Skip Webb, Founder and Managing Director of CW Pacific.
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