ROTTERDAM, The Netherlands (February 16, 2024) - IMCD N.V. ("IMCD" or
"Company"), a global leading distribution partner, formulator of speciality
chemicals and ingredients, today announces that IMCD has signed an agreement to
acquire the business of the speciality distribution company ResChem Technologies
Pty Ltd and ResChem Trust in Australia and New Zealand ("ResChem").
Established in 2007, ResChem specialises in resins, additives and pigments for
use in inks, coatings, adhesives and construction applications. ResChem
represents leading global suppliers which are complementary to IMCD's portfolio.
ResChem is headquartered in Sydney, Australia, generated a revenue of
approximately AUD 25 million (ca. EUR 15 million) in 2023 with 15 employees and
strengthens IMCD's technical expertise with an application laboratory based in
Sydney.
"We see steady growth in the coatings industry in Australia and New Zealand with
the advancement of innovative and sustainable solutions," remarked Frank
Schneider, Global Business Group Director, Coatings & Construction. "With the
joining of ResChem, we can leverage their complementary portfolio and technical
capabilities to further develop our footprint in the local markets," concluded
Schneider.
"This is a wonderful opportunity for our employees to join a leading
multinational company and the opportunities for advancement it provides. For our
customers and suppliers, we will continue to provide and further improve the
high level of service they are used to from ResChem," said Bruce Forder,
Managing Director of ResChem Technologies.
The closing of the transaction is subject to customary closing conditions and is
expected to take place in the second quarter of 2024.
Attached, the full press release in PDF format, the main visual and the photo
caption.
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