IMCD completes acquisition of European speciality chemicals distributor Velox
26 Septembre 2018 - 7:00AM
ROTTERDAM, The Netherlands (26
September 2018) - IMCD N.V. ("IMCD" or "Company"), a leading
distributor of speciality chemicals and food ingredients, today
announces that it has successfully completed the acquisition of
100% of the outstanding shares of Velox GmbH ("Velox"), a group of
companies with its headquarter in Hamburg, Germany. The agreement
on the acquisition of Velox was announced by IMCD in its press
release of 29 August 2018.
Velox was established in 1993 and is a European distributor with a
focus on specialities for the plastics, composites, additives,
rubber, paints and coatings industries. With approximately 225
employees in 18 countries Velox generated EUR 155 million revenue
and a normalised EBITDA of EUR 5.4 million in 2017.
With this acquisition, IMCD further strengthens its position as
distributor of speciality plastics and additives.
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 1,907 million in
2017 with more than 2,200 employees in over 45 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 37,000 customers and
a diverse range of world class suppliers.
For further
information, please visit http://www.imcdgroup.com or contact
ir@imcdgroup.com.
PRESS RELEASE_IMCD completes
acquisition of Velox
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: IMCD N.V. via Globenewswire
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