Tag Archives: Home Care

IMCD to acquire Indonesian Distributor PT Megasetia

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Further enhanced Footprint in Life Sciences in the Asia-Pacific Region

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that IMCD Indonesia has signed an agreement to acquire 100% of the shares of PT Megasetia Agung Kimia [“Megasetia”] (Jakarta, Indonesia), a distributor of specialty ingredients for the Life Sciences sectors. The transaction will take place in two tranches, with IMCD now acquiring 70% of the share capital and the remaining 30% in 2025.

 

Founded in 1995, Megasetia today has three laboratories, six offices, and six warehouses across Indonesia. Its main activity is the distribution of speciality ingredients for the Pharmaceuticals Industry in Indonesia. In addition, it covers the Personal Care, Home Care, Animal Health, and certain industrial markets. With 160 employees, the company generated revenues of approximately IDR 974 bn (ca. EUR 60 mn) in 2020. It currently serves more than 1’000 customers and represents over 50 ingredients producers from around the world. IMCD said the acquistion is a an execllent fit with the groups Life Science strategy and provides a significant platform for further growth in the Life Science segments in Indonesia.

No further financial details were disclosed on the transaction, which expected to be closed in December.

Source: IMCD press release

 

HGE – DCG / 18.11.2021

Azelis to acquire Distribution Business of Spectrum Chemicals and Nortons Exim

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Private Equity owned Distribution Group expands Market Coverage in India with Asset Deal

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has signed an agreement to acquire the distribution assets of  Spectrum Chemicals and Nortons Exim Pvt. Ltd. [“Spectrum”] (Mumbai, India) from founder Parindu Metha and his family for an undisclosed sum.

The two companies, with offices in Mumbai and New Delhi, are active in the distribution of specialty chemicals used in Home Care, Road Construction and Agrochemicals, Azelis said in the announcement. Parindu Metha will stay with Azelis and it is planned to establish an Agrochemicals laboratory facility. This will be in addition to the three laboratories, for CASE, Personal Care and Food, which Azelis has established over the years, since first entering India in 2008.

No financial information was disclosed on the transaction, which is expected to be completed within the next few weeks, according to Azelis’ press release.

Source: Azelis press release

HGE – DCG / 19.04.2021

IMCD to divest Nutri Granulations Business in the U.S.

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International Distributor finds new Owner for Manufacturing Facility in California

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that it has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials [“HEM”] (Atlanta, GA – United States), a division of J.M. Huber Corporation [“Huber”] for an undisclosed sum.

 

The manufacturing facility is located in La Mirada, CA and has 22 employees. Nutri Granulations manufactures both, food grade and USP grade Calcium Carbonate granulations for the Nutraceuticals, Food, Over-the-Counter, and Pharmaceuticals markets. It was taken over by IMCD as part of the acquisition of U.S. west coast distributor E.T. Horn in 2018.

 

Closing of the transaction is planned for the end of March 2021, the announcement said.

 

Source: IMCD press release

 

HGE – DCG / 10.03.2021

Azelis to invest in Assi Primera Kimika Inc. and Phil-Asiatic Supply & Services Inc.

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Private Equity owned Distribution Group further expands Asia-Pacific Coverage and enters Philippines

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it will acquire a majority of the shares of Assi Primera Kimika Inc. [“APKI”] and Phil-Asiatic Supply & Services Inc. [“PSSI”] (Alabang, Muntinlupa, Metro Manila – Philippines), two distributors of specialty chemicals. No financial details were disclosed on the transaction, which is expected to close during the next three months.

 

APKI and PSSI, which were established in 2007 by Mr. Mohd Kassim bin Salleh and the late Ms. Cris S. Aquino, are primarily focused on the Personal Care industry, but are also active in Home Care, Paints & Coatings, Construction Chemicals,  Inks and certain industrial chemical markets.

 

In the annoucement Azelis stressed that “… principals have already expressed interest in building a strong portfolio with us in the country once we enter into this partnership, also in industries other than the ones where APKI and PSSI are currently active.”

 

Source: Azelis press release

 

HGE – DCG / 18.01.2021

IMCD to acquire Mexican Distributors Millikan and Banner Química

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Guenther Eberhardguenther

Further Momentum for IMCD’s Growth Plans in Mexico

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Millikan S.A. de C.V. [“Millikan”] and Banner Química S.A. de C.V. [“Banner Química”] (Mexico City, Mexico), two distributors of specialty chemicals. This follows the establishment of IMCD Mexico in April 2020, a company that serves the Pharmaceuticals, Food, Nutrition and Personal Care industries.

 

Millikan was established in 1998 and offers technical support and commercial expertise to customers in the Food, Nutrition, Pharmaceuticals and Industrial markets. Banner Química, set up in 2009, has a history in providing  formulations and solutions for Personal Care and Home Care.

 

The two companies collectively generated revenues of USD 15 mn (ca. EUR 13.1 mn) in 2019 and will add 60 employees to the IMCD Mexico team, the announcement said. IMCD’s technical capabilities will also be enhanced through the addition of Food and Personal Care laboratories. No financial details were disclosed on these two transactions.

 

Source: IMCD press release

 

HGE – DCG / 07.12.2020

OQEMA announces the Acquisition of Chemark ApS in Denmark

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German Distribution Group adds new Location in Scandinavia

Chemicals distributor OQEMA AG (Mönchengladbach, Germany)  has announced the acquisition of Chemark ApS (Tureby, Denmark) for an undisclosed sum. The company mostly distributes Solvents for the Paints & Coatings, Pharmaceuticals, Surfactants and Cleaning Industries (Home Care and I & I) and achieves a turnover of ca. EUR 40 mn.

 

Anders Englund and Peter Nielsen, who have been managing the company for the last 12 years, will continue to lead the business under the new ownership, OQEMA said in the statement.

 

No financial details were disclosed on the transaction.

 

Source: OQEMA press release

 

HGE – DCG / 03.02.2020