June 29 2017, David R Brown
IMCD acquires Italian speciality chemical distributor Neuvendis
IMCD N.V., a leading distributor of speciality chemicals and food ingredients, has announced that it has acquired 100% of Neuvendis Spa, based in Milan, Italy. With a focus on the construction, paints & coatings and other specialities markets, Neuvendis is an excellent fit with IMCD's existing operations.
This acquisition places IMCD in an excellent position for further growth in the speciality chemicals market across Italy and Southern EuropeGabriele Bonomi
Managing Director IMCD Italy
Founded in 2001, Neuvendis is one of the leading market players in the distribution of speciality chemicals in Italy, selling into the construction, coatings & paints, adhesives, plastics, inks and leather sectors. In 2016, Neuvendis generated revenue of EUR 26.3 million and has 20 employees.
Gabriele Bonomi, Managing Director IMCD Italy, comments on the acquisition: “This acquisition places IMCD in an excellent position for further growth in the speciality chemicals market across Italy and Southern Europe. Partnering with major multinational suppliers, Neuvendis offers innovative solutions and advanced technology that perfectly complements IMCD's existing product portfolio. We now look forward to ensuring a smooth and successful integration to deliver added value for our suppliers and customers.”
Neuvendis Managing Directors Francesco Lemucchi and Dario Stefani, added: “IMCD shares our mission to provide our partners with the most qualified technical support, application know-how, detailed market intelligence and complete transparency. We have experienced rapid growth over recent years and we believe this acquisition to be the next step towards realising our objectives and creating new opportunities for future development.”
About IMCD N.V.
IMCD is a market-leader in the sales, marketing and distribution of specialty chemicals and food ingredients in Europe, Africa, Asia-Pacific and Americas. Listed at Euronext, Amsterdam (IMCD.AS), IMCD realised revenues of €1,715 million in 2016. In over 40 countries on 6 continents its dedicated team of more than 1,800 technical and commercial experts work in close partnership to tailor best in class solutions for around 34,000 customers and a diverse range of world class suppliers.
Source(s): IMCD Press Release