IMCD to acquire the speciality chemicals business of Bossco Industries Inc and expand its presence in the United States
ROTTERDAM, The Netherlands (19th May, 2017) - IMCD N.V. ("IMCD" or "Company"), a leading distributor of speciality chemicals and food ingredients, announces that it has signed an agreement to acquire the speciality chemicals distribution business of Bossco Industries Inc.
Bossco Industries was established in 1989 and is a distributor of speciality chemicals, supplying products and technical solutions to all major industrial market segments in the southwestern region of the United States. Located in Houston, Texas, Bossco Industries generated revenue of 11 million USD in 2016.
After completion of the transaction, expected at the beginning of July 2017, the business will be integrated within IMCD US with Edward Boss becoming a senior member of the IMCD management team.
Edward Boss, President of Bossco Industries sees an excellent fit with IMCD adding that, "IMCD shares our vision of offering technical solutions to our customers and a transparent, growth focused partnership with our principal partners."
John Mastrantoni, President of IMCD US adds, "The acquisition of Bossco Industries will further strengthen IMCD US and our ability to offer national coverage to our principal partners."