September 4 2023, David R Brown

Eigenmann & Veronelli S.p.A. ("E&V "), a leading distributor in the specialty chemicals and food ingredients industry, have acquired 100% of IMEA Technologies FZC, a regional distribution company of specialty chemicals with a focus on the industrial market, based in the United Arab Emirates.

This acquisition strengthens our international footprint and allows us to offer a truly compelling value proposition to both principals and customers

Gabriele Bonomi
CEO of the E&V Group

The acquisition complements E&V's existing operations and represents a strategic expansion in the Middle East and Africa region, as well as the Far East and Indian markets and reinforces the groups international footprint.

IMEA Technologies was founded in 2011, in Sharjah (U.A.E.), and offers a wide range of products, mainly industrially-orientated, such as emulsion polymers for paints, plastic, inks, water treatment, sealants & adhesives, oil & gas, and construction, as well as cosmetic & cleaning applications.

Headquartered in Sharjah, with offices & warehouses in U.A.E., the company has extensive coverage of the MEA region in addition to the Far East and Indian markets. In 2022, IMEA Technologies generated revenues of approximately AED 68.5M (ca. EUR 17.7 million). IMEA Technologies, as part of the E&V Group, will be led by its present management line-up and staff retaining its well-established name.

Gabriele Bonomi, Chief Executive Officer of the E&V Group, comments: “In line with our strategic vision to be an established international solutions provider, we are delighted to welcome IMEA Technologies to the E&V Group. This acquisition strengthens our international footprint and allows us to offer a truly compelling value proposition to both principals and customers.”

Ayoob Chekkintakath, Executive Director of IMEA Technologies, adds: “Becoming part of E&V, a key international market player, marks a milestone in our company's evolution. We share a similar vision and culture, and I am confident that IMEA Technologies will continue to thrive as part of the E&V Group, continuing its long-term relationships with key suppliers and customers.”

About Eigenmann & Veronelli S.p.A.
Eigenmann & Veronelli is an international solutions provider in the specialty chemicals and food ingredients industry with a direct presence in 4 countries and a geographical reach to more than 30 others. Headquartered in Rho, Milan, Italy, E&V is synonymous with effectiveness and efficiency, combining local market knowledge with international chemical innovations. In 2022 the E&V Group generated a consolidated turnover of EUR 417 M with 340 employees.

Source(s): E&V Group Press Release

Further Information

Visit: https://www.eigver.com