EQT and PSP-backed Azelis acquires Chemroy Canada

Azelis SA has acquired Chemroy Canada Holdings Inc, a Brampton, Ontario-based specialty chemicals, plastics and food ingredients distributor. No financial terms were disclosed. Founded in 1967, Chemroy offers warehousing across Canada and has additional offices in Laval, Québec and Vancouver. Azelis, a Belgian distributor of specialty chemicals and food ingredients, said the acquisition strengthens its presence in key segments of the Canadian market. Last year, Swedish private equity firm EQT and Canada's Public Sector Pension Investment Board (PSP Investments) acquired Azelis from Apax Partners.

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