On March 11, 2019, Azelis, a leading specialty chemical supplier operating globally, announced it had acquired Chemroy, a Canadian distributor of specialty chemicals and food ingredients. The transaction sees Azelis acquire 100% of Chemroy Canada Holdings Inc. Chemroy was founded in 1967 and has 59 employees. Headquartered in Brampton, Ont., Chemroy offers warehousing across Canada and has further offices in Laval, Québec and Vancouver, British Columbia.
The transaction will place Azelis as one of Canadas leading specialty distributors with a strong position in the CASE (coatings, adhesives, construction and ink), food, pharmaceutical, nutraceutical and personal care segments.
Torkin Manes LLP represented Chemroy with a team led by Kobi Bessin, including Tal Cyngiser and Nicholas Dempsey (Corporate), Kenneth Beallor (Real Estate), Kay Leung (Tax), Lisa Lifshitz (IT/Privacy) and Daniel Pugen (Employment).
Azelis was represented by Lette LLP with a team led by Patrizia Banducci including Kevin Johnson (Employment) and Taya Talukdar (Corporate).