03.09.2020 • NewsIMCD

IMCD Buys South Africa’s Siyeza

Specialty chemicals and ingredients distributor IMCD has entered into an agreement to take over South Africa’s Siyeza Fine Chem Propriety. Financial terms of the transaction, which is expected to close in December, were not disclosed.

Based in Johannesburg, Siyeza is a leading distributor of specialty chemical ingredients for the country’s pharmaceutical, veterinary, food and personal care industries. The distributor has 27 employees and generated revenues of €11.7 million in 2019.

Ryan Harrison, managing director IMCD South Africa, said the acquisition solidifies IMCD’s pharmaceuticals business and places the company “in an ideal position to keep supporting our suppliers’ growth and continue offering solutions to our customers.”

Just two weeks prior to the Siyeza announcement, IMCD revealed that it had bought Brazilian specialty ingredient distributor VitaQualy Comércio de Ingredientes.

 

Author: Elaine Burridge, Freelance Journalist

IMCD has entered into an agreement to take over South Africa’s Siyeza Fine...
IMCD has entered into an agreement to take over South Africa’s Siyeza Fine Chem Propriety, a leading distributor of specialty chemical ingredients for the country’s pharmaceutical, veterinary, food and personal care industries. The transaction should close in December. (c) IMCD

Company

Logo:

IMCD South Africa (Pty) Ltd

275 Oak Ave
Ferndale, Randburg, 2194
South Africa

Company contact







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.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.