IMCD completes the Acquisition of M.F. Cachat buying the 20% outstanding Shares
International speciality chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherland), announced it has completed the acquisition of the remaining 20% interest in The M.F. Cachat Company, LLC (renamed to IMCD US, LLC per April 2016).
In June 2015 IMCD had acquired 80% of M.F. Cachat, including 100% of MJS Sales, Inc. According to the statement, the completion of the acquisition of the remaining 20% interest was executed on the basis of the share purchase agreement of June 2015.
IMCD explained further that completion as such will not have an impact on reported leverage or earnings levels of IMCD, as the company had obtained full control over IMCD US as per the end of June 2015. The purchase price obligation is included in IMCD’s reported net debt position and the results of IMCD US are consolidated in full into the IMCD figures since the acquisition date.
Source: IMCD press release
HGE / DCG – 03.03.2017