May 15, 2020
18:00 CET - ROTTERDAM, The Netherlands
IMCD to acquire the pharmaceutical business of Develing International Trade (Shanghai) Co. Ltd
IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and food ingredients, today announces that it has signed an agreement to acquire the pharmaceutical business in China of Develing International Trade (Shanghai) Co. Ltd. (“Develing”) upon fulfilment of transaction-related conditions.
The acquired business with annual sales of approximately € 10 mln will be integrated into IMCD China’s business unit Pharma and will be synergistic with IMCD’s existing product range.