June 16 2023, David R Brown
IMCD activities in Singapore and Vietnam are poised for growth with the acquisition of Brylchem Group
IMCD N.V., a leading global distributor, formulator, and solutions provider of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares of the speciality distribution company Brylchem Pte Ltd and the business of Chemipac Pte Ltd., and CMS Marketing Trading Co., Ltd in Vietnam ("jointly Brylchem Group").
Brylchem Group provides IMCD with an excellent gain in foothold, given their strong presence in the highly dynamic and vibrant Singaporean and Vietnamese markets
Daan Roebbers
Regional Director of Expansion, Strategy, and Digitalisation at IMCD APAC
Brylchem Group was founded in Singapore in 1992, offering a wide range of products in the coatings, construction, advanced materials, agrochemical, home care and industrial cleaning, feed and veterinary, and lubricants industries for the Singapore and Vietnam markets. It represents leading global suppliers providing its customers with an extensive portfolio backed by technical and commercial excellence. With approximately 50 employees in Singapore and Vietnam, Brylchem Group generated a revenue of approximately SGD 85 million (ca. EUR 58 million) in 2022.
“Brylchem Group provides IMCD with an excellent gain in foothold, given their strong presence in the highly dynamic and vibrant Singaporean and Vietnamese markets,” remarked Daan Roebbers, Regional Director of Expansion, Strategy, and Digitalisation at IMCD APAC. “This is a momentous milestone with it being the first acquisition for Vietnam and a vital opportunity for our business expansion into new markets for both countries.”
“My team and I built up the company over the last 31 years with lots of passion and excitement, and finally, I found the right partner to continue the legacy and lead my team to the next level,” commented Tan Seng Kung, Founder and Managing Director of Brylchem Group.
The closing of the transaction is expected to take place in the fourth quarter of 2023.
About IMCD N.V.
IMCD is a market-leader in the sales, marketing, and distribution of speciality chemicals and ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas and Asia-Pacific, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 4,601 million in 2022 with nearly 4,323 employees in over 50 countries, working from 109 offices spanning 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 60,000 customers and a diverse range of world class suppliers.
Source(s): IMCD Press Release
Further Information
Visit: https://www.imcdgroup.com