November 5 2019

IMCD to acquire significant Share in Korean Distributor Whawon Pharm Co. Ltd.

Second Acquisition within one Week helps to further enhance IMCD’s Coverage of Pharma Sector

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has signed an agreement to acquire 57% of the outstanding shares of pharmaceutical ingredients distributor Whawon Pharm Co. Ltd. [“Whawon”] (Seoul, South Korea). According to IMCD’s announcement, Whawon is a leading distributor in South Korea with a focus on Pharmaceutical Formulation Ingredients. Founded in 1998, the company generated revenues of KRW 57 bn (approx. EUR 44 mn) with 54 employees in 2018.

Initially, IMCD will acquire 57% of the total share capital from the existing Whawon management, who will continue to lead the company. The remaining 43% will be held by management for a period up to five years after closing.

No financial details were disclosed on the transaction, which is subject to fulfillment of certain closing conditions.

Source: IMCD press release

HGE – DCG / 05.11.2019

pub-bg
«
More ...

Mastering the art
of distribution

publications_sidebar

Further publications

Receive latest publications & update

    By subscribing you agree to receive our promotional marketing materials and agree with our Privacy Policy. You may unsubscribe at any time.

    Please let us contact you:

    I consent to having DistriConsult store my submitted information so they can respond to my inquiry.