03.07.2017 • NewsElaine BurridgeIMCDDistributor

IMCD Buys Italy’s Neuvendis

(c) Lichtmeister/Shutterstock
(c) Lichtmeister/Shutterstock

Dutch specialty chemical distributor IMCD has acquired Neuvendis, based in Milan, Italy. Financial terms of the transaction were not disclosed.

Neuvendis is a leading specialty chemicals distributor, where it sells into the construction, paints & coatings, adhesives, plastics, inks and leather market segments. The company had sales of €26.3 million in 2016 and employs 20 people.

“This acquisition places IMCD in an excellent position for further growth in the speciality chemicals market across Italy and southern Europe,” commented Gabriele Bonomi, managing director of IMCD Italy.

Neuvendis’ managing directors, Francesco Lemucchi and Dario Stefani, added that the acquisition is the next step towards realizing the company’s objectives and creating new opportunities for future development.

IMCD’s purchase of US-based Bossco Industries is expected to close in early July. The Houston-based distributor will be integrated within IMCD US.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.