Applicant
Azelis New Zealand Limited
Case number(s)
202200439
Decision date
Type
Decision
Decision

Consent granted

Section 13(1)(c) Overseas Investment Act 2005 

Decision Maker Toitū Te Whenua LINZ
Decision Date 2 December 2022 
Pathway(s) Significant business assets only 
Investment Acquisition of 100% of the shares in Chemiplas Agencies Limited (including the acquisition of its subsidiaries Chemiplas (N.Z.) Limited and Chemiplas Australia Pty Ltd) 
Asset Value Withheld under s 9(2)(b)(ii) of the Official Information Act 1982 
Applicant

Azelis New Zealand Limited 

Canada (19.78%)

United States of America (10.02%)

United Kingdom (4.20%)

Netherlands (3.01%)

Sweden (2.91%)

Singapore (2.50%)

Finland (2.15%)

Luxembourg (1.96%)

China, People's Republic of (1.88%)

Denmark (1.83%)

South Korea (1.64%)

United Arab Emirates (1.44%)

Cayman Islands (1.43%)

Taiwan (1.33%)

Germany (0.74%)

Malaysia (0.58%)

Colombia (0.45%)

Kuwait (0.44%)

Japan (0.31%)

France (0.29%)

Switzerland (0.27%)

Various regions (40.84%) 

Vendor

William Bruce Jacobson on behalf of the shareholders of Chemiplas Agencies Limited 

New Zealand (100%) 

Background

The Applicant, Azelis New Zealand Limited, has been granted consent to acquire 100% of the shares in Chemiplas Agencies Limited including its subsidiary Chemiplas (N.Z.) Limited (Chemiplas). Chemiplas is a distributor of specialty chemicals established in New Zealand in 1976.  

The Applicant is a New Zealand company ultimately owned by Azelis Group NV. Azelis Group NV is listed on the Euronext Brussels stock exchange and its shares are widely held by various investors. The Azelis group is a global service provider in the specialty chemical and food ingredients industry in 57 countries. The Applicant already operates in New Zealand with blending and packing facilities in both Auckland and Christchurch. 

This transaction requires consent under s 13(1)(c) of the Act. The Applicant has met the investor test. 

More information

Chris Bargery  
Anderson Lloyd (Auckland) 
PO Box 399 
Shortland Street 
Auckland 1140