Tag Archives: Personal 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

Biesterfeld acquires GME Chemicals in Singapore

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Expanded Presence in Asia for German Distribution Group

Polymers, elastomers and speciality chemicals distributor Biesterfeld AG (Hamburg, Germany),  has acquired a majority stake in Singapore-based distribution company GME Chemicals Pte. Ltd. (Singapore) for an undisclosed sum. The outstanding shares will be acquired at a later stage, with full take-over planned for the year 2026.

 

Established in 1999 in Singapore, GME Chemicals today has subsidiaries in Malaysia, Indonesia, Vietnam, Thailand and China with a staff of 60 employees. The company is active in performance and industrial chemicals, elastomers and specialty polymers. It supplies customers in sectors such as Petrochemicals, Industrials, Personal Care, Food, Pharmaceuticals and Animal Nutrition.

 

No financial details were disclosed on the transaction.

 

Biesterfeld press release; GME Chemicals website

 

HGE / DCG – 21.10.2021

Azelis to acquire China Operations of Ingredients Plus

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Specialties Distribution Group Azelis strengthens its Position in the Personal Care Market in China

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has signed an agreement to acquire the Greater China operations of Ingredients Plus Pty. Ltd. (Rydalmere (Sydney), NSW – Australia), a distributor of ingredients for the Personal Care industry.

The transaction comprises 100% of the shares of Ingredients Plus Hong Kong and the fully owned subsidiaries in Shanghai and Guangzhou, where in total over 40 people are employed. All employees will become part of the Azelis team, remaining in their respective position to support the business, Azelis said in the announcement.

No financial information was disclosed on the transaction, which is expected to be completed by end of August, according to the Azelis press release.

Source: Azelis press release

HGE – DCG / 16.08.2021

LBB Specialties acquires Connecticut-based Distributor Centerchem

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NYC-based Distribution Group makes another Consolidation Move on the East Coast

U.S. chemical distribution investor LeBaronBrown Specialties LLC [“LBB Specialities”] (New York, NY – United States), has recently announced that it has acquired Centerchem, Inc. (Norwalk, CT – United States), a distributor of specialty chemicals for the Personal Care and the Food & Nutrition markets.

 

No financial details were disclosed on this transaction.

 

Source: LBB Specialties LLC press release; CCS website

 

HGE – DCG / 10.08.2021

Azelis to acquire Paris based Quimdis S.A.S.

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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

IMCD acquires Andes Chemical Corp with Activities in Central America and Peru

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Miami-based Distributor will further enhance IMCD’s Footprint in Latin America and Caribbean

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Andes Chemical Corp. [“Andes Chemical”] (Doral (Miami), FL – United States), a distributor covering Central American and Caribbean countries as well as Colombia and Peru, in a move expanding its presence in Latin America and throughout the Caribbean.

 

Established in 1986, Andes Chemical today serves the Coatings, Adhesives, Sealants & Elastomers (“CASE”), Construction, Cosmetics, Personal Pare, Plastics, Pharmaceuticals, and HI&I industries from distribution centers in Costa Rica, Republica Dominica and Peru. In 2020 the company generated revenues of USD 46 mn, IMCD said in the announcement. The acquisition adds 43 employees to the IMCD Americas team. An innovation laboratory for CASE, located in the Miami area, provides product and formulation development support.

 

No financial details were disclosed on this transaction.

 

Source: IMCD Press Release, Andes Chemical Corp website

 

HGE – DCG / 19.05.2021

IMCD to acquire Columbian Distributor Siliconas y Químicos S.A.S.

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Further enhanced Footprint in Latin America to maintain Growth Trajectory in the Region

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Siliconas y Químicos S.A.S. (Bogotá, Colombia), a distributor with activities in Personal Care, Coatings, Silicones, and other speciality chemicals markets, for an undisclosed sum. The acquisition will complement IMCD’s  existing Pharmaceuticals, Food and Nutrition business in Colombia.

  

Established in 2000, Siliconas y Químicos has 25 employees under the leadership of General Manager Pilar Castellanos Pineda, that will join the IMCD team. The company is ISO 9001:2015 certified, and operates across Colombia with outsourced warehouses in strategic locations, IMCD said. In 2020 it generated a revenue of USD 9 mn.

 

The transaction will take place in two tranches, with IMCD now acquiring 80% of Siliconas y Químicos’ share capital and the remaining 20% in 2022.

 

Source: IMCD press release

 

HGE – DCG / 17.05.2021

Azelis to acquire Vigon International in the U.S.

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Enhanced Position in the North American Life Science Sector for Specialties Distribution Group

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has  announced that it has signed an agreement to acquire 100% of the outstanding shares of Vigon International, Inc. [“Vigon”] (East Stroudsburg, PA – United States), for an undisclosed sum. The company is active as a specialty chemicals distributor and manufacturer of ingredients for the Flavours, Fragrances, and Cosmetics market segments. The product portfolio includes flavours, natural and synthetic aroma chemicals, actives, functional ingredients, and essential oils.

Founded in 1988 by Steve Somers Sr., Vigon today has 120 employees. The company represents some of the world’s most prominent flavors & fragrance producers and ingredient manufacturers, serving over 1’000 customers. Today it  is owned and managed by a father-and son team, Steve Somers Sr. (father), and Steve Somers Jr. (son). Both will remain with the company after closing of the transaction and continue to lead the business, according to the announcement.

Azelis said the acquistion of Vigon will provide access to strategic end markets that a are non-cyclical and steadily growing and also enhances its position in the Life Sciences sector.

No financial information was disclosed on the transaction, which is expected to be completed during Q2-2021, according to Azelis’ press release.

Source: Azelis press release

HGE – DCG / 07.05.2021

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

LBB Specialties acquires Florida-based Distributor Custom Chemical Services

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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

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

IMCD to acquire the Personal Care Business of Ejder Kimya

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Guenther Eberhardguenther

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

Barentz to acquire Singapore-based Nardev Chemie

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Netherlands-based Life Science Ingredients Distributor further expands Presence in Asia-Pacific

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has acquired Nardev Chemie Pte. Ltd. [“Nardev”] (Singapore, Singapore), a leading distributor of ingredients for the Personal Care industry in the Asia-Pacific region for an undisclosed sum.

 

Founded in 1989, Nardev is a highly specialised distributor, operating in Indonesia, Thailand, Vietnam, Malaysia and Singapore. Its approx. 90 employees provide technical support and formulation development from in-house laboratories, and state-of-the-art logistics for a portfolio of ca. 3’000 products, the announcement said. The current management team will remain active in the business.

 

Source: Barentz press release

 

HGE – DCG / 23.10.2020

Barentz enters Agreement to acquire Maroon Chemical

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Netherlands-based Life Science Ingredients Distributor invests in a significant Expansion of its Activities in North America

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has entered into a definitive agreement to acquire Maroon Group [“Maroon”] (Avon, Ohio – United States) a leading specialty chemicals distributor in North America with national operations covering the the U.S. market as well as activities across Canada through its subsidiary Cambrian Solutions Inc. (Oakville, Ontario -Canada).

 

Founded in 1977, Maroon generates an annual turnover of approx. USD 500 mn, the statement said. The group has approx. 300 employees that cover sectors such as HI&I [Cleaning], Personal Care & Pharmaceutical, Food & Nutrition, and CASE [Coatings, Adhesives, Sealants & Elastomers] across North America, supported by technical expertise and several specialised application laboratories. According to Barentz, Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.

 

No financial details were disclosed on the transaction, which is expected to close by end of this year.

 

Source: Barentz press release, Maroon Group website, Cambrian Solutions website

 

HGE – DCG / 15.10.2020

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

Azelis announces Agreement to acquire Orokia Israel Ltd.

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Private Equity owned Distribution Group enters enters Market in Israel for the first Time

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire  Orokia Israel Ltd. (Netanya, Israel), a distributor of specialty chemicals.

Created in 2005, Orokia today is active in multiple market segments.  Representing several of what Azelis calls “blue chip principals”, the company serves a range of industries, such as Agrochemicals, Animal Nutrition, Personal Care, Food, Pharmaceuticals and Industrial Chemicals. All of Orokia’s employees will move to Azelis, the statement said.

No financial information was disclosed on the transaction.

Source: Azelis press release, DistriConsult analysis

HGE – DCG / 24.07.2020

Maroon Group has acquired Holland Chemicals

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Further consolidation in the U.S. Specialty Chemicals Distribution Industry

North American specialty chemicals distributor Maroon Group LLC (Avon, OH – United States) announced that it has acquired Holland Chemicals Inc.  (Burr Ridge, IL – United States), a distributor of specialty chemicals and ingredients for Personal Care, Household & Industrial Cleaning, Food, and general industrial markets. Holland Chemicals’ management team, led by Jonathon Rhodes, will continue to actively manage the business on a day-to-day basis, Maroon Group said in the statement.

Neither financial details nor terms of the transaction were disclosed.

Source: Maroon Group website

HGE – DCG / 06.07.2020

IMCD to acquire Zifroni Chemical Suppliers Ltd. in Israel

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Dutch Distributor starts Year with Acquisition for Pharma and Personal Care Chemicals

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has successfully completed the acquisition of Zifron Chemical Suppliers Ltd. [“Zifroni”] (Rishon LeTsyon – Israel) for an undisclosed amount. According to IMCD’s announcement, Zifroni is a leading distributor in Israel with a focus on specialty chemical products for Pharmaceuticals and Personal Care.

 

Founded in 1950, the company generated revenues of   EUR 10.2 mn with 9 employees in 2019. The current Managing Directors, Rafi and Moshe Zifroni, and the rest of the staff will continue to work in the company, IMCD said in the statement.

 

No financial details were disclosed on the transaction.

 

Source: IMCD press release

 

HGE – DCG / 17.01.2020