IMCD Singapore and Vietnam are poised for growth with the acquisition of Brylchem Group
16 Junho 2023 - 2:00AM
IMCD Singapore and Vietnam are poised for growth with the
acquisition of Brylchem Group
ROTTERDAM, The Netherlands (June 16, 2023) – IMCD
N.V. ("IMCD" or "Company"), a global leading distribution partner,
formulator of speciality chemicals and ingredients, and expert
solutions provider today announces that IMCD has signed an
agreement to acquire 100% of the shares of the speciality
distribution company Brylchem Pte Ltd and the business of Chemipac
Pte Ltd., and CMS Marketing Trading Co., Ltd in Vietnam ("jointly
Brylchem Group").
Brylchem Group was founded in Singapore in 1992, offering a wide
range of products in the coatings, construction, advanced
materials, agrochemical, home care and industrial cleaning, feed
and veterinary, and lubricants industries for the Singapore and
Vietnam markets. It represents leading global suppliers providing
its customers with an extensive portfolio backed by technical and
commercial excellence. With approximately 50 employees in Singapore
and Vietnam, Brylchem Group generated a revenue of approximately
SGD 85 million (ca. EUR 58 million) in 2022.
"Brylchem Group provides IMCD with an excellent gain in
foothold, given their strong presence in the highly dynamic and
vibrant Singaporean and Vietnamese markets," remarked Daan
Roebbers, Regional Director of Expansion, Strategy, and
Digitalisation at IMCD APAC. "This is a momentous milestone with it
being the first acquisition for Vietnam and a vital opportunity for
our business expansion into new markets for both countries."
"My team and I built up the company over the last 31 years with
lots of passion and excitement, and finally, I found the right
partner to continue the legacy and lead my team to the next level,"
commented Tan Seng Kung, Founder and Managing Director of Brylchem
Group.
The closing of the transaction is expected to take place in the
fourth quarter of 2023.
Attached, the press release in pdf format, the main visual, and
the photo caption.
- Photo - IMCD Singapore and Vietnam are poised for growth with
the acquisition of Brylchem Group
- Photo caption_IMCD Singapore and Vietnam are poised for growth
with the acquisition of Brylchem Group
- Press Release - IMCD Singapore and Vietnam are poised for
growth with the acquisition of Brylchem Group
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