February 16 2024, David R Brown
IMCD Australia and New Zealand strengthen its coatings and construction business with the acquisition of ResChem
IMCD N.V., a global leading distribution partner, formulator of speciality chemicals and ingredients, has signed an agreement to acquire the business of the speciality distribution company ResChem Technologies Pty Ltd and ResChem Trust in Australia and New Zealand ("ResChem").
With the joining of ResChem, we can leverage their complementary portfolio and technical capabilities to further develop our footprint in the local markets
Frank Schneider
Global Business Group Director, Coatings & Construction
Established in 2007, ResChem specialises in resins, additives and pigments for use in inks, coatings, adhesives and construction applications. ResChem represents leading global suppliers which are complementary to IMCD's portfolio. ResChem is headquartered in Sydney, Australia, generated a revenue of approximately AUD 25 million (ca. EUR 15 million) in 2023 with 15 employees and strengthens IMCD's technical expertise with an application laboratory based in Sydney.
“We see steady growth in the coatings industry in Australia and New Zealand with the advancement of innovative and sustainable solutions,” remarked Frank Schneider, Global Business Group Director, Coatings & Construction. “With the joining of ResChem, we can leverage their complementary portfolio and technical capabilities to further develop our footprint in the local markets,” concluded Schneider.
“This is a wonderful opportunity for our employees to join a leading multinational company and the opportunities for advancement it provides. For our customers and suppliers, we will continue to provide and further improve the high level of service they are used to from ResChem,” said Bruce Forder, Managing Director of ResChem Technologies.
The closing of the transaction is subject to customary closing conditions and is expected to take place in the second quarter of 2024.
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