
IMCD Acquires China’s Shanghai Sanrise
Dutch specialty chemicals and ingredients distributor IMCD has entered into an agreement to buy China’s Shanghai Sanrise Industries & Development. Financial terms were not disclosed.

Dutch specialty chemicals and ingredients distributor IMCD has entered into an agreement to buy China’s Shanghai Sanrise Industries & Development. Financial terms were not disclosed.

IMCD has taken over Japanese specialty distribution company Kuni Chemical for an undisclosed sum. Kuni specializes in industrial applications that range from coatings and construction to automotive and packaging materials.

IMCD has agreed to buy PromaPlast, a distributor of advanced materials serving markets in Mexico and the US. Terms of the transaction, which is expected to close in September, were not disclosed.

IMCD China, part of Netherlands-headquartered multinational chemicals distributor IMCD, has agreed to take over specialty distribution company Welex, boosting its footprint in China.

Mergers & acquisitions activity in the chemical distribution industry was high in 2021, but current macro-economic conditions may have a dampening effect on the number of deals that will conclude by the end of this year.

Dutch multinational specialty chemicals and ingredients distributor IMCD has acquired Evonlode Foods in the UK. Based in Oxford, Evonlode’s activities are mostly in the beverage, bakery, nutrition, savory and dessert markets, serving customers in manufacturing, retail and foodservice.

Dutch-based multinational specialty chemicals and ingredients distributor IMCD agreed two acquisitions in late December, namely Polychem in Austria and RPL Trading in Australia and New Zealand. Financial terms were not disclosed.

IMCD China, part of Netherlands-headquartered globally active specialty chemicals distributor IMCD, has agreed to acquire all of Chinese personal care company Syntec to bolster its position in the personal care and cosmetics sector. Closing of the transaction, for which financial terms were not revealed, is planned to take place within the next five weeks.

Dutch multinational specialty chemicals and ingredients distributor IMCD has agreed to buy Indonesia’s Megasetia Agung Kimia, boosting its presence in the country. Financial terms were not revealed, but the transaction will take place in two tranches.

Dutch specialty chemicals and ingredients distributor IMCD has agreed to buy Aquatech Speciality (Shanghai) International Trading and Aquatech Speciality (Guangzhou) Trading in China. No financial details were disclosed for the transaction, which is expected to close during November.

In its fourth acquisition this year to date, IMCD has agreed to buy Materias Quimicas de Mexico (Maquimex) for an undisclosed sum. The transaction is expected to close during August.

IMCD has acquired Shanghai Yuanhe Chemicals, a Chinese distributor of specialty coatings, textile and ink solutions. The deal boosts IMCD China's portfolio for the pharmaceutical, food and nutrition, plastics and personal care industries.

In the drive to reach growth objectives, or to maintain and enhance “critical mass”, mergers & acquisitions (M&A) has been a theme for the chemical distribution industry for years. The industry leaders (by size and geographic reach) were all built through a series of such transactions. The practice is further trickling down to the smaller and mid-sized company layer of the sector, and more distributors espouse external growth options.

Speciality chemicals and ingredients distributor IMCD has appointed Pilar Castellanos Pineda as Managing Director of IMCD Colombia effective May 25, 2021.

Dutch specialty chemicals and ingredients distributor IMCD has announced two acquisitions that boost its presence in the Latin American market.

How to Build or Maintain Critical Mass in the Chemical Distribution Industry

Analysis of the mergers & acquisitions activity in chemical distribution under the impression of the pandemic situation and how it might develop going forward.

IMCD has agreed to sell its Nutri Granulations business to Huber Engineered Materials, a division of J.M. Huber, for an undisclosed sum. The transaction is expected to close by Apr. 1. The Dutch distributor originally acquired the business as part of its takeover of US specialty chemicals distributor E.T. Horn in June 2018.

Dutch specialty chemicals and ingredients distributor IMCD has entered into an agreement to buy the pharmaceutical business of compatriot firm Peak International Products for an undisclosed sum.

In its third purchase so far this month, IMCD has bought Kokko-Fiber, a Finnish supplier of fiber-reinforced plastic (FRP) composite materials. Financial details of the transaction were not disclosed. Earlier this month, IMCD also purchased Siyeza in South Africa and Indian excipients distributor Signet.

Two weeks after buying South Africa’s Siyeza, IMCD has turned its sights to India where it has agreed to buy local excipients distributor Signet. Financial terms of the deal, which IMCD said will provide a “significant” platform for further growth in India and Asia-Pacific, were not disclosed.

Specialty chemicals and ingredients distributor IMCD has entered into an agreement to take over South Africa’s Siyeza Fine Chem Propriety. Financial terms of the transaction, which is expected to close in December, were not disclosed.

Dutch distributor IMCD has acquired VitaQualy Comercio de Ingredientes, a supplier of specialty ingredients for the food, nutrition, pharmaceutical and nutraceutical markets in Brazil. Financial terms were not disclosed.

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