May 16 2025, David R Brown
IMCD acquires TECOM Ingredients to strengthen its offering in the food & nutrition market in Spain
IMCD N.V., a global leading partner for the distribution and formulation of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares in TECOM Ingredients S.A. headquartered in Barcelona, Spain.
This acquisition enhances our presence in Iberia and expands our portfolio with ingredients that are highly complementary to our current offering
José Alcover, Managing Director of IMCD Iberia & Maghreb
Founded in 1996, TECOM is a recognised distributor of ingredients and additives to the food industry. The company is a trusted partner for customers active in the food and nutrition market in Iberia, developing innovative, high-quality solutions across a wide spectrum of applications, including savoury, bakery and pastry, dairy and plant-based beverages, confectionery, meat and ready meals, as well as health and nutrition.
With a team of 16 employees, TECOM reported annual revenues of ca. EUR 18 million in the financial year 2024.
“This acquisition enhances our presence in Iberia and expands our portfolio with ingredients that are highly complementary to our current offering,” said José Alcover, Managing Director of IMCD Iberia & Maghreb. “We're thrilled to welcome a talented team with deep expertise in market-specific food applications.”
Sixto Yañez, General Manager of TECOM, commented: “Joining IMCD marks an exciting new phase in our journey. We are bringing together two companies that share a strong culture of innovation, service, and long-term partnerships. This step opens up new avenues for growth and will allow us to offer even greater value to our customers.”
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
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 4,728 million in 2024 with over 5,100 employees in over 60 countries, working from 116 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 plus customers and a diverse range of world class suppliers.
Source(s): IMCD Press Release
Further Information
Visit: https://www.imcdgroup.com