Private Equity owned Distribution Group expands Asia-Pacific Coverage
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire 100% of the shares of CW Pacific, Elle Bee Exports, CW Pacific Specialties and EB1 Pty Ltd [“CW Pacific”] (Mosman (Sydney), NSW – Australia) for an undisclosed sum from founders Skip Webb and Camiel Huisman.
Founded in 1997 and currently employing 17 people, CW Pacific specializes in the distribution of food ingredients for the Bakery and Meat markets as well as specialty chemicals for the Horticulture market. The company primarily serves the Australian market, but also Papua New Guinea, New Zealand and other Pacific Islands. All employees will become part of Azelis, including founder and managing director Skip Webb. CW Pacific has offices in Sydney, Melbourne and Brisbane including a food test kitchen (in Brisbane), that provides innovative solutions to its customers, Azelis said in the announcement.
Source: Azelis press release
HGE – DCG / 29.12.2020