03.07.2017 • News • Elaine Burridge • IMCD • Distributor

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

Stability in Motion
Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

Special Issue

Circular Plastics Economy
Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Top-Feature

most read