ROTTERDAM, The Netherlands (10 January 2024) - IMCD N.V. ("IMCD" or "Company"),
a global leading distribution partner, and formulator of speciality chemicals
and ingredients, today announces the acquisition of 70% of Valuetree Ingredients
Private Limited ("Valuetree") to expand its beauty and personal care footprint
in India.
Founded in 2005, Valuetree, is a prominent ingredient supplier to the beauty and
personal care market. It provides an extensive portfolio of specialty
ingredients and through an in-house application laboratory, offers formulation
and technical support to its customers. Valuetree employs a team of 44 employees
and generated a revenue of approximately INR 4.4 billion (ca. EUR 48 million) in
the financial year that ended on March 31, 2023.
"As the beauty and personal care market in India continues to experience double-
digit growth, acquiring Valuetree perfectly fits in our global strategy, it
significantly enhances our capabilities and enriches our product portfolio. It
further enhances our position as a leading solution provider in India," said
Narendra Varde, Managing Director, IMCD India & Bangladesh.
"In a market dominated by large players, and now witnessing the emergence of
direct to consumer (D2C) brands, our focus has been on customer centricity and
providing innovative solutions. We are delighted that IMCD has partnered with us
in Valuetree's next phase of growth," affirmed, Shailesh Karwa & Sharad Dalmia,
co-founders of Valuetree, in a joint statement.
The transaction will take place in two tranches, with IMCD now acquiring 70% of
the share capital from the founders and the remaining 30% to be acquired in
2025. The founders of Valuetree will continue to lead the company post-
completion of this first tranche.
Attached, please find the full press release in PDF format, the main visual and
the photo caption.
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