Dutch Distributor starts Year with Acquisition for Pharma and Personal Care Chemicals
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced that it has successfully completed the acquisition of Zifron Chemical Suppliers Ltd. [“Zifroni”] (Rishon LeTsyon – Israel) for an undisclosed amount. According to IMCD’s announcement, Zifroni is a leading distributor in Israel with a focus on specialty chemical products for Pharmaceuticals and Personal Care.
Founded in 1950, the company generated revenues of EUR 10.2 mn with 9 employees in 2019. The current Managing Directors, Rafi and Moshe Zifroni, and the rest of the staff will continue to work in the company, IMCD said in the statement.
No financial details were disclosed on the transaction.
Source: IMCD press release
HGE – DCG / 17.01.2020