IMCD Acquires Sweden’s ACM
In its second acquisition this month, IMCD has taken over Swedish minerals and chemicals distributor ACM. Financial terms of the transaction were not disclosed.
Headquartered in Gothenburg, ACM is mostly active within the Nordic coatings, adhesives, paper, plastics, rubber and construction industries. The company has six employees and generated revenue of about €13 million in 2022.
IMCD Sweden managing director Sami Valkama commented: “With this acquisition, IMCD Sweden expects to expand its activities within industrial applications. This is a significant growth and synergy opportunity for us, as ACM brings extensive knowledge, technical expertise, and strategically important partners.”
Earlier this month, IMCD agreed to buy Indian high-performance polymers and engineering plastics distributor Tradeimpex. The transaction is expected to close during the second quarter of 2023.
Author: Elaine Burridge, Freelance Journalist
