IMCD UK Buys Orange Chemicals
“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
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Standing (left to right) – Richard Mell, Finance Director, IMCD UK; Fenna van Zanten, Director M&A, IMCD Group; Ann Millett, Company Secretary, Orange Chemicals; David Robinson, Business Unit Manager, IMCD UK Sitting (left to right) – Paul Hanbury, Managing Director, IMCD UK; John Millett, Managing Director, Orange Chemicals © IMCD
