Tag Archives: Pharmaceuticals

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

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

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 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

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 Pharmaceutical Business of Peak International

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Further Addition to Pharmaceuticals Business Group of IMCD

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced last week that it has signed an agreement to acquire the pharmaceutical business of Peak International Products B.V. [“Peak International”] (Eerbeek, The Netherlands), a distributor for Active Pharmaceutical Ingredients (“API”) selling in the Benelux region, Vietnam, Germany and Israel.

The business within the scope of the transaction generated revenues of approx. EUR 5.8 mn in 2019. It will be integrated into IMCD’s Business Group Pharmaceuticals, the company said in a statement. No further financial details were disclosed on the transaction.

Source: IMCD press release

HGE – DCG / 10.11.2020

Caldic to acquire Brand-Nu Laboratories and BNL Sciences in Transatlantic Deal

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Rotterdam-based Distributor to expand global (Bio)pharmaceutical Activities

International producer and distributor of food ingredients and chemicals, Caldic B.V. (Rotterdam, The Netherlands) has announced that it has signed an agreement to acquire Brand-Nu Laboratories Inc. [“Brand-Nu”] (Meridien, Connecticut – United States) and its subsidiary BNL Sciences Ltd. [“BNL Sciences”] (Naas , Co. Kildare – Ireland), two distributors of high purity specialty chemicals and biological raw materials.

Privately-owned Brand-Nu was set up in 1956. The company serves customers in the Pharmaceutical, Biopharmaceutical, Medical Device and Microelectronic industry with a range of high purity chemicals, excipinets and biological raw materials, Caldic said in the statement. BNL Scienes was established in 2003 and caters to Biopharmaceutical, Pharmaceutical and Medical Device producers. The leadership teams around John Gorman, President of Brand-Nu will continue to work in the business.

No financial details were disclosed on the transaction, which is expected to close by end of the year, subject to certain customary closing conditions and regulatory approvals.

Source: Caldic 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 Indian Pharma Excipients Distributor Signet

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Further Pharma Growth for IMCD in Asia-Pacific and Middle East, Africa

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced yesterday that it will acquire 100% of Signet Excipients Private Limited [“Signet”] (Mumbai, Maharashtra – India), one of the leading distributors of excipients in India, in a two-phase transaction. IMCD will now acquire 70% of the share capital from the founders, and the remaining 30% by 2024. Harish Shah, Founder and Managing Director oft Signet, will continue to lead the company post completion of the first phase.

Since its foundation in 1986, Signet grew from a small distribution company to one of the leading distributors of excipients in India, the anouncement said. The company focusses on the distribution of Pharmaceutical, Nutraceutical and Bio-pharma Excipients across a range of categories such as Diluents, Fillers, Sweeteners, Disintegrants, Binders, Surfactants and others. Besides sales in India, Signet is also active in Bangladesh, the Middle East and Africa,  currently serving more than 900 customers, with more than 400 products from leading excipient producers. With approximately 100 employees, Signet generated revenue of ca. EUR 152 mn (INR 13.2 bn) in the last twelve months (up to and including June 2020), and realised a normalised EBITA of ca. EUR 39 million (INR 3.4 bn).

IMCD said it considers Signet to be well aligned with the IMCD business model and strategy, providing a significant platform for further growth in India and the Asia-Pacific region, giving the transaction a strong strategic rationale.

Closing of the transaction is subject to customary closing conditions and regulatory approval. It is expected to take place in Q4-2020. No financial details were disclosed on this transaction.

Source: IMCD press release

DistriConsult comment: In a separate anouncement today IMCD said, to finance the purchase of the first tranche of 70% of the shares of Signet, it has successfully raised ca. EUR 400 mn through an accelerated bookbuild offering of new shares. Any surplus will be used for “general corporate purposes”.

HGE – DCG / 16.09.2020

IMCD has acquired VitaQualy in Brazil

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Consolidation continues in the Brazilian Ingredients Distribution Market

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced earlier in the week that it has acquired 100% of the outstanding shares of VitaQualy Comércio de Ingredientes LTDA [“VitaQualy”] (São Paulo, SP – Brazil), a specialty ingredients distributor serving the Food & Nutrition, Pharmaceuticals and Nutraceuticals markets.

In 2019, VitaQualy generated revenues of BRL 26 mn (ca. EUR 7.2 mn) with 8 employees. The company will be fully integrated into IMCD’s organisation in 2021, the statement said. 

No financial details were disclosed on this transaction.

Source: IMCD press release

HGE – DCG / 21.08.2020

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

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

Azelis to acquire Excipients Business from Indian Distributor S. Zhaveri Pharmakem Pvt. Ltd.

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Azelis with another Acquisition to enhance Industry Coverage in India

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire 100% of the distribution and indent business of S. Zhaveri Pharmakem Pvt. Ltd. (Mumbai, India), a distributor of Pharma Excipients for an undisclosed amount.

 

S. Zhaveri is was founded in 1951 and has to-date been owned 100% by the Javeri family. The company serves more than 250 customers with products from international as well as domestic principals. All its employees in the distribution business will become part of Azelis. Following the closing, Mrs. Uma Javeri and Ms. Sonali Sheth will support the integration of S. Zhaveri Pharmakem’s distribution business into Azelis, and will lead the entire pharma business of Azelis in India.

 

No financial information was disclosed on the transaction.

 

Source: Azelis press release

 

HGE – DCG / 03.02.2020

Brenntag acquires Tan International Limited

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Brenntag expands Coverage of United Kingdom with Acquisition in Scotland

Global chemical distributor Brenntag AG (Essen, Germany) announced  that it has acquired Tan International Limited (Perth, Scotland), a distributor and blender of Industrial and Specialty Chemicals. 

 

The product and service portfolio of  the acquired company covers a range of industries, including Food & Beverage, Pharmaceuticals, Agriculture and Energy (i.e. Oil & Gas), Brenntag said in a statement.

 

In FY2019 the company is expected to generate total sales of ca. GBP 21 mn. No further financial details were disclosed on the transaction.

 

Source: Brenntag press release

 

HGE – DCG / 18.12.2019