June 10 2024, David R Brown
IMCD Italy expands its pharmaceuticals presence with the acquisition of Selechimica
IMCD N.V., a leading global distributor of speciality chemicals and ingredients, have announced that IMCD Italy has signed an agreement to acquire 100% of the shares in Selechimica S.R.L., an Italian distributor focused on the pharmaceutical industry.
By acquiring Selechimica, IMCD will further strengthen its position in the Italian API market. We are eager to unlock the potential of this acquisition
Marco Madeddu
Managing Director of IMCD Italy
Headquartered in Milan, Italy, Selechimica distributes an extensive portfolio of Active Pharmaceutical Ingredients (APIs). With 3 employees, Selechimica represents leading suppliers and generated a revenue of approximately EUR 5 million in the financial year that ended December 31, 2023.
“Selechimica is a valued distributor in the Italian API market. By acquiring Selechimica, IMCD will further strengthen its position in the Italian API market. We are eager to unlock the potential of this acquisition”, commented Marco Madeddu, Managing Director IMCD Italy.
“This transaction provides exciting opportunities for Selechimica. IMCD's expertise, knowledge of the industry and resources will enable further expansion of the product portfolio and customer base”, said Luca Pesce, Owner of Selechimica.
The closing of the transaction is subject to customary closing conditions and is expected to take place end of June 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 4,442.6 million in 2023 with nearly 4,736 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