Further enhanced Pharma Industry Coverage for Rotterdam based Distribution Group
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced earlier this week that it has signed an agreement to acquire 100% of the shares in ingredients distributor Siyeza Fine Chem Propriety Limited [“Siyeza”] (Johannesburg, South Africa).
Founded in 2007, the company is a leading distributor of Pharmaceutical, Veterinary, Food and Personal Care speciality chemical ingredients in South Africa, IMCD said in the announcement. The company has 27 employees and generated revenues of EUR 11.7 mn in 2019. It represents producers from Europe and Asia.
Closing of the transaction is subject to a regulatory review. It is expected for December 2020. The company will continue with its present management and staff.
No financial details were disclosed on this transaction.
Source: IMCD press release
HGE – DCG / 04.09.2020