Photo – IMCD Australia and New Zealand strengthens coatings and construction business with acquisition of ResChem
Rotterdam, Netherlands (February 16, 2024) – IMCD NV (“IMCD” or the “Company”), a world-leading distribution partner and compounder of specialty chemicals and ingredients, announced today that IMCD has acquired the businesses of specialty chemicals distributors ResChem Technologies Pty Ltd and ResChem Trust. announced that they have entered into an agreement to acquire the company. Australia and New Zealand (“ResChem”).
Founded in 2007, ResChem specializes in resins, additives, and pigments used in inks, coatings, adhesives, and architectural applications. ResChem represents major global suppliers that complement IMCD's portfolio. ResChem is headquartered in Sydney, Australia, has 15 employees, generated revenues of approximately AUD 25 million (approximately EUR 15 million) in 2023, and brings his IMCD technical expertise to the Sydney-based application lab. is being strengthened.
“We see steady growth in the coatings industry in Australia and New Zealand, driven by advances in innovative and sustainable solutions,” said Frank Schneider, Global Business Group Director, Coatings & Construction. “ResChem's participation allows us to leverage their complementary portfolio and technical capabilities to further develop our footprint in the local market,” Schneider concluded.
“This is a great opportunity for our employees to join a major multinational company and the advancement opportunities it brings. For our customers and suppliers, we continue to provide the high level of service from ResChem. Bruce Fodor, Managing Director of Reschem Technologies, said:
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024.
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