IMCD Seals Two Acquisitions and a Distribution Deal
Rotterdam-based speciality chemicals distributor IMCD kicked off the month of May agreeing a major distribution partnership and two outright acquisitions.
In one of the deals, subsidiary IMCD Colombia widened its pharmaceuticals capabilities with the acquisition of Allianz Group International, a distributor of active pharmaceutical ingredients (APIs) supplying the Colombian market.
The Bogota-based company, with 25 employees and revenue of around €6.9 million last year, was one of the first Colombian distributors to specialize in APIs. It is certified for storage, sampling, dispensing and distribution of the ingredients on the Colombian market.
This acquisition, which is subject to customary closing conditions, is expected to be completed during the current month.
The Dutch distribution giant has also agreed to acquire all shares of KOI Products Solutions and Engineering. The company based in Petach Tikva, Israel, employd 13 people, reported revenue of more than € EUR 8 million in financial year 2022.
KOI Products Solutions, founded in 1986, prides itself on long-standing partnerships with what it says are some of the world’s leading suppliers of specialty products. The company predominantly supplies the composites, paint, cosmetics, coatings and ink markets.
In a straightforward strategic distribution deal, IMCD has signed on to offer German chemicals and plastics producer Evonik’s resins for medical technology. The contract, effective from May 1, covers all countries in the European Economic Area, the UK and Switzerland.
Evonik’s medical technology portfolio includes polyamide materials Vestamid Care ML and Vestamid Care ME, Trogamid Care MX, along with the PEEK-based Vestakeep Care and the PBT-based Vestodur polymer materials. These find application in medical tubing, dialysis parts, surgical instruments and inhalers, among other products.
Author: Dede Williams, Freelance Journalist
