IMCD Australia and New Zealand strengthen its coatings and construction business with the acquisition of ResChem
16 Fevereiro 2024 - 3:00PM
IMCD Australia and New Zealand strengthen its coatings and
construction business with the acquisition of ResChem
ROTTERDAM, The Netherlands (February 16, 2024) – IMCD
N.V. ("IMCD" or "Company"), a global leading distribution partner,
formulator of speciality chemicals and ingredients, today announces
that IMCD 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").
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. Attached, the full press release in PDF
format, the main visual and the photo caption.
- IMCD Australia and New Zealand strengthen its coatings and
construction business with the acquisition of ResChem
- Photo - IMCD Australia and New Zealand strengthen its coatings
and construction business with the acquisition of ResChem
- Photo Caption - IMCD Australia and New Zealand strengthen its
coatings and construction business with the acquisition of
ResChem
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