ROTTERDAM, The Netherlands 24 June 2015 – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and food ingredients, today announces that it has successfully completed the acquisition of 80% of The M.F. Cachat Company, including 100% of MJS Sales, Inc. (“MF Cachat”).
MF Cachat fits well with the IMCD business model and strategy and provides a significant platform for further growth in the United States which is a growing specialty chemicals region.
MF Cachat is a leading specialty chemicals distributor in the US with a focus on coatings, construction, plastics, advanced materials and food. With its head office near Cleveland, Ohio, MF Cachat is active in the Midwest, Central, Eastern and Southern regions of the US and represents leading global chemical suppliers in more than 30 states. In 2014, MF Cachat generated revenue of USD 300 million (including USD 3 million of MJS Sales) and has approximately 90 employees.
MF Cachat is an excellent fit with IMCD given their asset light business model and long term relationships with leading global chemical suppliers. The acquisition supports the strategy of IMCD to become a leading global specialty chemicals distributor. MF Cachat and IMCD will explore opportunities for synergies by offering both companies’ suppliers the possibilities to benefit from each other’s network. In addition it will offer further growth opportunities in the North American market, both organically and through acquisitions.