IMCD acquires Italian speciality chemical distributor Neuvendis
ROTTERDAM, The Netherlands (29 June, 2017) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and food ingredients, announces that it has acquired 100% of Neuvendis Spa, based in Milan, Italy. With a focus on the construction, paints & coatings and other specialities markets, Neuvendis is an excellent fit with IMCD’s existing operations.
Neuvendis is one of the leading market players in the distribution of speciality chemicals in Italy, selling into the construction, coatings & paints, adhesives, plastics, inks and leather sectors. In 2016, Neuvendis generated revenue of EUR 26.3 million with 20 employees.
Gabriele Bonomi, Managing Director IMCD Italy, comments on the acquisition: “This acquisition places IMCD in an excellent position for further growth in the speciality chemicals market across Italy and Southern Europe. Partnering with major multinational suppliers, Neuvendis offers innovative solutions and advanced technology that perfectly complements IMCD’s existing product portfolio. We now look forward to ensuring a smooth and successful integration to deliver added value for our suppliers and customers.”
Neuvendis Managing Directors Francesco Lemucchi and Dario Stefani, added: “IMCD shares our mission to provide our partners with the most qualified technical support, application know-how, detailed market intelligence and complete transparency. We have experienced rapid growth over recent years and we believe this acquisition to be the next step towards realising our objectives and creating new opportunities for future development.”