News Article 2023

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April 5 2023, David R Brown

IMCD India expands its Advanced Materials footprint with the acquisition of Tradeimpex

IMCD N.V., a leading distributor of speciality chemicals and ingredients, has annouced that IMCD India has signed an agreement to acquire 100% of the shares of Tradeimpex Polymers (India) Private Limited ("Tradeimpex"), a distributor of high-performance polymers and engineering plastics.

This acquisition will enhance our presence in India and expand our offerings to the customers

Olivier Champault
Business Group Director, IMCD Advanced Materials

Established in 2003 and headquartered in Gurgaon, Haryana, India, Tradeimpex distributes products from leading international suppliers and predominantly serves the mobility market in India. With 24 employees, Tradeimpex generated a revenue of approximately INR 3500 million (ca. EUR 39 million) in the financial year that ended on March 31, 2022. The company represents leading global suppliers and serves a large group of customers with an extensive portfolio of products alongside commercial and technical support.

“India is a dynamic market, with promising growth prospects, especially in the mobility sector. Tradeimpex is well established in this sector with its professional sales team and high-performance materials sourced from top-tier suppliers. Complementary to our current Advanced Materials business, this acquisition will enhance our presence in India and expand our offerings to the customers. The founding team of Tradeimpex will continue to work along with IMCD, post the completion of the transaction,” said Olivier Champault, Business Group Director, IMCD Advanced Materials.

“It is a privilege to join hands with IMCD and expand in high-growth performance polymers and engineering plastic markets in India. We continue to remain committed to support and service our clients and suppliers,” says Shailendra Negi, Founder President.

The closing of the transaction is subject to customary closing conditions and is expected to take place in the second 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