IMCD : acquires Italian speciality chemical distributor Neuvendis
June 30, 2017 at 04:32 am EDT
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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.'
IMCD NV published this content on 29 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 June 2017 08:31:05 UTC.
Original documenthttps://www.imcdgroup.com/media/news/imcd-acquires-italian-speciality-chemical-distributor-neuvendis
Public permalinkhttp://www.publicnow.com/view/700E4F7A40B32BBB674C0278B1AA9F606B912FEB
IMCD N.V. is one of the world's leaders in the distribution of specialty chemicals and food ingredients. The group's activity is organized primarily around 8 markets:
- house cleaning and maintenance products and textile products: surfactants, abrasives, bleaching agents, dyes, solubilizing agents, functional additives, etc.;
- pharmaceutical products: excipients, active pharmaceutical ingredients, solvents, formulation intermediates and chemical synthesis, etc.;
- personal care products: dyes, rheology modifiers, active and functional and sensory ingredients, sunscreen agents, antioxidants, exfoliants, preservatives, etc.;
- coating products: additives, pigments, resins and special solvents;
- nutritional and food products: acids, emulsifiers, oils, fibers, preservatives, sweeteners, enzymes, plant extracts, etc.;
- lubricants: additives, silicone derivatives, esters, corrosion inhibitors, markers, surfactants, etc.;
- chemical products synthesis: monomers, catalysts, reactive diluents, solvents and additives;
- plastic products: mixers, thermoplastic elastomers, polyurethanes, composite materials, etc.
Net sales break down geographically as follows: the Netherlands (1.5%), Europe/Middle East/Africa (42.2%), Asia/Pacific (24.5%), North America (22.3%), and Latin America (9.5%).
IMCD N.V. 
