IMCD Buys US-based Mutchler
Just a day after announcing the purchase of Kenya’s Chemicals and Solvents, Dutch specialty chemicals distributor IMCD said it has acquired US pharmaceutical industry supplier Mutchler. The US company Mutchler is a leading distributor of specialty pharmaceutical ingredients in both the continental US and Puerto Rico. Altogether, it has around 30 employees and posted 2015 revenue of $28 million.
IMCD said Mutchler is an excellent fit, given its asset-light business model and long-term relationships with leading global suppliers. “Following the acquisition of MF Cachat (now IMCD US) in June 2015, this is an important next step as it expands our US operations into the pharmaceutical market, a strategic sector for IMCD,” said Marcus Jordan, president of IMCD Holdings US.
Financial terms of the deal were not disclosed.
