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
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
Specialties Distribution Group takes part in further Consolidation of Life Sciences Ingredients Distribution in EMEA
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire Quimdis S.A.S. (Levallois-Perret (Paris), France), a distributor of ingredients for Nutraceuticals, Flavors & Fragrances, Animal Nutrition, Personal Care, Pharma and Food. Besides enhancing the position of Azelis France in the life sciences sector, Azelis expects the acquisition to strengthen its offering to fast-growing and attractive markets, the ananouncent said.
Quimdis was founded in 1988 by Jean-François Quarré, Michel Manalt and Claire Couratier, originally focusing on essential oils and active ingredients. Today the activities include ingredients distribution and formulation development in the French market and sales to more than 45 countries. Quimdis holds Ecocert, ISO 9001: 2015 and ISO 22000: 2005 approvals and certifications. The company has sales close to EUR 100 mn and its 78 employees serve over 1’000 customers and ca. 400 suppliers. Mr. Quarré will remain in his position to support the transition of Quimdis to Azelis.
No financial information was disclosed on the transaction, which is expected to be completed by end of August, according to Azelis’ press release.
Source: Azelis press release
HGE – DCG / 23.07.2021
Australian Distribution Group expands Life Sciences Portfolio with Acquisition in Essential Oils
Water treatment and chemical distribution company IXOM (East Melbourne, VIC – Australia) has at the end of May announced the acquisition of Australia Botanical Products Pty. Ltd. [“ABP”] (Hallam (Melbourne), VIC – Australia), a producer and distributor of Essential Oils for an undisclosed sum.
IXOM said in an announcement that this acquisition will strengthen both, its Keith Harris Flavours, Colours & Fragrances business and its Bronson & Jacobs distribution business.
Source: IXOM website
HGE – DCG / 15.06.2021
NYC-based Distribution Group further expands Geography covered in another Consolidation Move
U.S. chemical distribution investor LeBaronBrown Specialties LLC [“LBB Specialities”] (New York, NY – United States), has recently announced that it has acquired a majority interest in Custom Chemical Services, Inc. [“CCS”] (Medley (Ft. Lauderdale), FL – United States), a distributor of specialty chemicals, for an undisclosed sum.
CCS was founded as in 2004 by Chad Hicks and Bob Lewis. The company supplies customers in Personal Care, Life Sciences and Food & Nutrition from its head office in Ft. Lauderdale (FL) as well as satellite facilities in Dallas (TX), Savannah (GA) and Kearney (NJ). Chad Hicks will continue to manage the business, the announcement said. No financial details were disclosed on this transactions.
Source: LBB Specialties LLC press release; CCS website
HGE – DCG / 18.01.2021