IMCD Buys Japan’s Kuni Chemical
IMCD has taken over Japanese specialty distribution company Kuni Chemical for an undisclosed sum. Kuni specializes in industrial applications that range from coatings and construction to automotive and packaging materials.
Based in Osaka, Kuni posted revenues of approximately €18 million last year and employs 28 staff.
“IMCD Japan was established as a greenfield in 2016, and this acquisition marks a major milestone as we continue to grow in the country,” said Shunsaku Kubo, managing director of IMCD Japan. “Kuni Chemical adds a new business segment to IMCD with an entry into the Japanese coatings and construction markets and also complements the portfolio of our advanced materials business.”
The acquisition is the second in just a few weeks, with IMCD announcing in late August that it had agreed to buy PromaPlast, a Mexico-based distributor of advanced materials.
Author: Elaine Burridge, Freelance Journalist
In picture from left to right: Laurens Dalmijn, General Counsel of IMCD Group; Shunsaku Kubo, Managing Director of IMCD Japan; Kengo Matsubara, President of Kuni Chemical; Shinichi Hotta, President of Japan Private Equity Co.,Ltd.; Tatsuya Watanabe, CPA of Japan Private Equity Co.,Ltd. © Kuni/IMCD
