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Safic-Alcan acquires Rit-Chem in the U.S.

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French Distribution Group enhances Presence in North America in Performance Chemicals and Life Sciences

Specialty Chemicals distributor Safic-Alcan S.A. (Puteaux (Paris), France) has announced that the group has acquired 100% of the shares of Rit-Chem Co., Inc. (New York, NY – United States), a “boutique chemical distributor” for an undisclosed sum. Rit-Chem will become part of the ChemSpec, Ltd. (Uniontown, OH – United States), the American affiliate of the Safic-Alcan Group.

 

Established in 1972 by Henry Ritell, Rit-Chem started off by supplying specialty chemicals to Paints & Coatings manufacturers, before diversifying in fields such as Rubber, Plastic and Food/Feed. The company serves customers from a number of “strategically located” warehouses and markets a range of proprietary product brands, Safic-Alcan said in the announcement.

 

No financial details were disclosed on the transaction.

 

Source: Safic Alcan press release

 

HGE / DCG – 30.09.2021

LEHVOSS Group forms JV with Engredo in Denmark

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Hamburg based Distributor strengthens Nutrition & Pharma Activities in the Nordic Region

Privately owned distributor of speciality chemicals and ingredients Lehmann&Voss&Co. [LEHVOSS Group] (Hamburg, Germany) has recently entered into a Joint Venture with Engredo ApS (Vejle, Denmark) in order to expand and strengthen its business activities regarding Ingredients and Minerals for the Nutritional Supplements, Pharmaceuticals and Feed sectors in the Nordic region.

The new JV allows for the synergistic combination of product portfolios as well as regulatory and sourcing expertise, LEHVOSS said in a statement. No financial details were disclosed on the transaction.

 

Source: LEHVOSS press release

 

HGE – DCG / 04.06.2021

 

 

OQEMA announces the Acquisition of Proquibasa in Spain

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German Distribution Group expands to the Iberian Peninsula

Chemicals distributor OQEMA AG (Mönchengladbach, Germany)  has announced the acquisition of Proquibasa S.A. (Barcelona, Spain) for an undisclosed sum. The company focuses on Coatings, Construction & Adhesives, Industrial Cleaning, Textile & Water Treatment, Food, Feed and Pharma. It has been active in the Spanish distribution market for over 40 years, and more recently also in Portugal and North Africa.

 

Proquibasa has two main warehouses, located in Barcelona and Madrid, and a network of warehouse locations across Spain and Portugal. Proquibasa’s range of commodity and semi-speciality products and their value-added services are seen as a  perfect fit with OQEMA’s “full-line” distribution offering. Ivan Sanchez, who has managed Proquibasa with its team of more than 60 employees since 2016, will continue to lead the company, OQEMA said in the announcement.

 

No financial details were disclosed on the transaction.

 

Source: OQEMA press release

 

HGE – DCG / 16.03.2021

IMCD to acquire Siyeza in South Africa

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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

IMCD to acquire Shanghai-based Pharmaceutical Ingredients Business from Develing International Trade

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Dutch Distribution Group enhances Pharma Industry Coverage in China

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has signed an agreement to acquire the Pharmaceutical Business in China of Develing International Trade (Shanghai) Co. Ltd. (“Develing”) (Shanghai, China) for an undisclosed sum.

 

Develing International, with head office in Shanghai, is a Dutch sales and distribution company (B2B) of high-quality ingredients for the Food, Pharmaceutical, Chemical, and Feed industry in China and Vietnam. Its holding office is located in Bunschoten-Spakenburg, The Netherlands. The group has a number of subsidiaries in China, Vietnam and the United States. With a staff of more than 90 employees it realises sales in excess of EUR 120 mn per annum.

 

The acquired business, representing sales of approx. EUR 10 mn annually, will be integrated into IMCD China’s business unit Pharma. There will be synergies with IMCD’s existing product range, the company said in the announcement.

 

No financial details were disclosed on this transaction, which is subject to a number of closing conditions being fulfilled.

 

Source: IMCD press release, Develing website, DistriConsult analysis

 

HGE – DCG / 15.05.2020