IMCD Takes India’s Tradeimpex
IMCD India has agreed to buy Tradeimpex Polymers (India), a distributor of high-performance polymers and engineering plastics. The transaction is expected to close during the second quarter of 2023.
“India is a dynamic market, with promising growth prospects, especially in the mobility sector. Tradeimpex is well established in this sector with its professional sales team and high-performance materials sourced from top-tier suppliers. Complementary to our current Advanced Materials business, this acquisition will enhance our presence in India and expand our offerings to the customers,” said Olivier Champault, business group director, IMCD Advanced Materials.
Headquartered in Gurgaon, Haryana, Tradeimpex predominantly serves India’s mobility market. The company has 24 employees and generated revenue of approximately €39 million in the financial year ending Mar. 31, 2022.
IMCD bought another Indian company last November, agreeing to take over Parkash DyeChem, one of the country’s leading distributors of specialty chemicals for construction and printing inks.
Author: Elaine Burridge, Freelance Journalist
