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.
chemicals distributor
Change of Ownership for African Distributor Solevo
African specialty chemicals distributor Solevo has been sold by its former owner Helios Investment Partners to Development Partners International (DPI), a private equity firm focused on Africa, in a consortium with minority co-investors South Suez and European development finance institution, DEG.
IMCD Acquires Sweden’s ACM
In its second acquisition this month, IMCD has taken over Swedish minerals and chemicals distributor ACM. Financial terms of the transaction were not disclosed.
Univar Takes Turkey’s Kale Kimya
Univar has entered into an agreement to buy Kale Kimya, a leading Turkish specialty chemicals distributor. Financial terms of the deal, which is expected to close during the first quarter of 2023, were not disclosed.
