ROTTERDAM, The Netherlands (1 February 2024) - IMCD N.V. ("IMCD" or "Company"),
a global leading distribution partner, and formulator of speciality chemicals
and ingredients, today announces that it has successfully completed the
acquisition of the remaining 30% shares of Indian speciality chemicals
distributor Signet Excipients Private Limited ("Signet"). The agreement of the
acquisition of Signet (https://www.imcdgroup.com/en/investors/investor-news-
archive/investor-news-2020/imcd-to-acquire-indian-speciality-chemicals-
distributor-signet) was announced on 15 September 2020.
The completion of the acquisition of the remaining 30% interest was executed on
the basis of the share purchase agreement of September 2020. As IMCD obtained
full control over Signet as per November 2020, this purchase price obligation
was included in IMCD's reported net debt position and results of Signet are
consolidated in full into the IMCD figures since the November 2020 acquisition
date. As a result, this completion, as such, will not impact the reported
leverage or earnings levels of IMCD.
Attached, the full press release in pdf format and the main visual.
Â