IMCD UK Buys Orange Chemicals
In its second deal of 2023 so far, IMCD has acquired Orange Chemicals, a distributor covering the coatings & construction, advanced materials and other industrial markets in the UK and Ireland.
“Orange Chemicals brings a highly complementary portfolio of suppliers, products and customers, in addition to excellent industry relationships, expertise and a proven track record of steady growth,” said Paul Hanbury, managing director of IMCD UK, adding that the acquisition will enable IMCD UK to expand its offering to customers and accelerate its growth ambitions throughout the UK and Ireland.
Headquartered in Winchester, Orange Chemicals generated revenue of about €30 million last year. Its seven staff members will join IMCD UK. Financial terms of the deal were not disclosed.
Last month, IMCD South Africa agreed to buy CPS Chemical Oil-Tech, a Durban-based distributor of raw materials to the petroleum, additive, grease manufacturing and other industrial market segments.
Author: Elaine Burridge, Freelance Journalist
