IMCD India to acquire two business lines from CJ Shah & Company
13 Novembro 2023 - 3:00AM
IMCD India to acquire two business lines from CJ Shah & Company
ROTTERDAM, The Netherlands (13 November 2023) – “IMCD
N.V. ("IMCD" or "Company"), a global leading distribution partner,
and formulator of speciality chemicals and ingredients, today
announces that IMCD India has signed an agreement to acquire two
business lines from CJ Shah & Company for Cellulose Acetate
Butyrate, Coalescing Agent, Polyolefin Polymers, and other
chemicals primarily for Paints, Coatings, Adhesives and
Lifesciences applications.
With 20 employees, these businesses generated a revenue of
approximately INR 2,300 million (ca. ~EUR 25 million) in the
financial year that ended on March 31, 2023. They serve a large
group of customers with an extensive portfolio of products
alongside commercial, technical, and laboratory support.
"India has experienced rapid growth in automobile, construction,
and infrastructure, driving increased demand for coatings and
adhesives. Acquiring these businesses strategically enhances our
capabilities and product lines, positioning us as the market leader
in coatings and construction," said Narendra Varde, Managing
Director, IMCD India & Bangladesh.
“We are delighted to partner with IMCD for two of our business
lines and we wish them all the best,” said Apurva Shah, Managing
Partner, CJ Shah & Company.
The closing of the transaction is subject to customary closing
conditions and is expected to take place in the last quarter of
2023.
Attached, please find the full press release in pdf format, the
main visual, and the photo caption.
- main visual_IMCD India to acquire two business lines from CJ
Shah & Company
- PR_IMCD India to acquire two business lines from CJ Shah &
Company
- photo caption_IMCD India to acquire two business lines from CJ
Shah & Company
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