September 18 2020, David R Brown
IMCD acquires Finnish distributor of composite materials Kokko-Fiber
IMCD N.V. (“IMCD”), a leading distributor of speciality chemicals and ingredients, has announced that it has acquired 100% of the share capital of Oy Kokko-Fiber Ab (“Kokko-Fiber”), a leading supplier of fiber-reinforced plastic composite materials in Finland.
With this acquisition, IMCD will not only expand and strengthen its relationship with other suppliers in the composites’ market, but it will be in an excellent position to offer its synergistic product portfolio to new customersSami Valkama
Managing Director IMCD Finland
Kokko-Fiber, founded in 1994, serves a broad customer base that includes many of the largest Finnish companies that use fiber-reinforced plastics in their operations. The company has five employees and generated a revenue of €9.0 million in 2019.
Sami Valkama, Managing Director IMCD Finland, comments: “IMCD Finland was established 25 years ago and since then we have strived to offer our customers best-in-class solutions. We recognize the importance of the composite business in the Nordic region. With this acquisition, IMCD will not only expand and strengthen its relationship with other suppliers in the composites’ market, but it will be in an excellent position to offer its synergistic product portfolio to new customers.”
“Kokko-Fiber has an over 25-year history of serving the industry with fibre-reinforced plastic materials”, said Stefan Brännkärr, Owner, Kokko-Fiber. “We are pleased to continue our company's journey as part of the IMCD family and boost our capabilities to better serve our valued customers and suppliers.”
The company will continue with its present management and staff.
About IMCD N.V.
IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends. Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 2,689.6 million in 2019 with more than 2,990 employees in over 50 countries on 6 continents. IMCD's dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 49,000 customers and a diverse range of world class suppliers.
Source(s): IMCD Press Release