IMCD India expands its Advanced Materials footprint with the acquisition of Tradeimpex Polymers
05 Abril 2023 - 2:00PM
IMCD India expands its Advanced Materials footprint with the
acquisition of Tradeimpex Polymers
ROTTERDAM, The Netherlands (5 April 2023) –
IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces 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.
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.
Attached, please find the full press release in pdf format, the
main visual, and the photo caption.
- Main visual_IMCD India expands its Advanced Materials footprint
with the acquisition of Tradeimpex Polymers
- Photo caption_IMCD India expands its Advanced Materials
footprint with the acquisition of Tradeimpex Polymers
- Press Release _IMCD India expands its Advanced Materials
footprint with the acquisition of Tradeimpex Polymers
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