January 23 2023, David R Brown
Acquisition of Integrated Chemicals Specialties by Monchy Chemicals Group
Monchy Chemicals Group B.V. (MCG) has signed an agreement to acquire 100% of the shares of Integrated Chemicals Specialties B.V. (ICS), a distributor of specialty chemicals, additives and process aids operating in the Benelux region scince 1975 and now also in Germany. Monchy Chemicals Group is active throughout Europe with an emphasis on Northern Western Europe.
We are very pleased with this transaction which we believe will accelerate our growth strategy and will strengthen our position in the chemical distribution market
Gerko Snel
Managing Director of Monchy Chemicals Group
Both companies have successfully grown their businesses by delivering high-quality raw materials and outstanding service to their business partners. The companies share the same philosophy to develop long-term business relationships, focus on customer excellence, technical understanding & support and single sourcing with transparency towards stakeholders. This change of ownership will offer more opportunities to producers and end-users of chemical raw materials. The product ranges of MCG and ICS are complementary and will strengthen the overall scope, role and added value in the supply chain of both companies.
The current management will continue to manage ICS. Mr. Hennink, the General Manager of ICS, will report to Mr. Gerko Snel, the Managing Director of MCG. Recently, ICS has moved to new offices in Nieuw Vennep, from where it will continue to operate with the same professional and motivated team.
Mr. Snel commented: “We are very pleased with this transaction which we believe will accelerate our growth strategy and will strengthen our position in the chemical distribution market. ICS will be a key component in the foreseen growth strategy.”
Mr. Hoek, departing Director of ICS, added: “After some years of careful succession planning, I believe ICS will be able to continue its independent character and growth path under the new ownership.”
Both companies look forward to a continued partnership & to further strengthening the relationship with all valued stakeholders. ICS will remain an independent company under the umbrella of MCG, benefiting from its corporate strength and quality management.
Monchy Chemicals Group (MCG)
MCG is a distributor of chemical raw materials and markets a technical product portfolio for a variety of applications icluding paints & coatings, adhesives, lubricants, thermoplastic & rubber, personal care, and food. MCG is the link between first-class producers of chemicals and the manufacturing industry and is part of the privately owned M&R de Monchy NV group of companies.
Source(s): Monchy Chemicals Group Press Release
Further Information
Visit: https://www.monchy.com