December 22 2021, David R Brown
IMCD Australia & New Zealand strengthens its home care and water treatment portfolios with the acquisition of RPL Trading
IMCD N.V. ("IMCD"), a leading distributor of speciality chemicals and ingredients, today announces that IMCD Australia & New Zealand have signed an agreement to acquire 100% of the shares of RPL Trading Pty Ltd and RPL Trading New Zealand Ltd. (jointly "RPL Trading").
With this acquisition we can now accelerate our growth strategy in the home care and water treatment marketsMartin Stoemmer
Managing Director of IMCD Australia & New Zealand
“RPL Trading brings an excellent and highly complementary portfolio of suppliers, products, and customers to IMCD,” remarked Martin Stoemmer, Managing Director of IMCD Australia & New Zealand. “With this acquisition, we can now accelerate our growth strategy in the home care and water treatment markets. The focus on the formulation and value-added products at RPL Trading, combined with excellent technical expertise, is well aligned with our strategy,” added Stoemmer.
Founded in 2000, RPL Trading focuses on services and formulation expertise to its customers and partners. RPL Trading generated a revenue of approximately AUD 25 million (ca. EUR 16 million) for the fiscal year ended on 30 June 2021 and has 15 employees.
“Lindsay Roberts, my business partner, and I have prided ourselves to deliver into the Australian and New Zealand market the highest quality of chemical raw materials for over 22 years. This extraordinary opportunity to now become part of IMCD will benefit our local customers and suppliers by providing them a deeper degree of service and greater access to a global network of resources,” said Russel McNab, Managing Director of RPL Trading.
The closing of the transaction is expected to take place in January 2022.
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 2,775 million in 2020 with nearly 3,300 employees in over 50 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 50,000 customers and a diverse range of world class suppliers.
Source(s): IMCD Press Release