IMCD acquires Paceco Industrial Supplies in Singapore
ROTTERDAM, The Netherlands (19 August, 2013) – IMCD Group B.V. announces it has acquired Singapore-based Paceco Industrial Supplies Pte. Ltd., a reputable distributor for engineering and speciality plastics. Established in 1985, the company is active in Singapore,
China and Malaysia and currently employs 28 staff who will all transfer to IMCD. Mr. George Chong, one of the company’s two founders, will remain the Managing Director.
IMCD’s latest acquisition demonstrates the importance of China and South East Asia in its growth and development strategy. Mr Albert Stevens, Vice President Asia for IMCD Group, comments: “We are delighted to have Paceco onboard. They have built up their business through focus on specialities thus creating a strong network and gaining considerable industry experience. This new deal will greatly complement our plastics business in China and will provide a platform for further expansion in South East Asia.”
Mr George Chong says: “Our team of qualified sales and marketing personnel work closely with our customers' R&D and product design engineers on the material selection for new requirements or material replacements to achieve an optimum balance between cost and performance. These qualities fully align with IMCD Group’s business ethos and we are confident that by joining forces with such a reputable international player we will significantly enhance our growth opportunities.”
With stock in Singapore, Malaysia and China as well as a goal to provide the best standard of service to the plastics industry in China and South East Asia, Paceco represents some of the most highly regarded producers in this region. The company offers a wide range of engineering and speciality plastic materials to industries including electronics, electricals, connectors, electronic packaging, food packaging, medical device, home appliances, consumer goods, toys, building, wire & cable, automotive, aerospace and military.