Marcus Jordan, President of IMCD Americas, commented: "HORN is a leading specialty distributor in the US with an excellent reputation. There is a very good fit between HORN and our current US organisation and we are convinced that we can jointly offer exciting opportunities to our staff, suppliers and customers. Our combined businesses are excellently positioned to achieve accelerated growth on a national US basis through our specialist market focused teams".
Bob Ahn and Jeff Martin, Board members of HORN: "HORN and IMCD have similar strategies and cultures and we look forward to working together to expand our business in the US further".
The acquisition will be paid from available cash and existing facilities.
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