Expansion of Personal Care Coverage in Turkey
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the signing of an agreement to acquire the Personal Care business of Ejder Kimya İlaç Danışmanlık Sanayi ve Ticaret A.Ş. [“Ejder Kimya”] (İstanbul, Turkey) for an undisclosed sum..
Ejder Kimya was founded in 1999 and is a Turkish chemicals distributor of additives and raw materials for the Personal Care, Pharmaceuticals and Food industry.
The Personal Care business at the heart of the deal generated revenues of EUR 4.7 mn in 2019, IMCD said in the announcement. Closing of the transaction is subject to customary closing conditions and regulatory approvals, and is expected to take place in January 2021.
Source: IMCD press release
HGE – DCG / 30.11.2020