IMCD N.V. completed the acquisition of Needfill Corporation Ltd.
October 18, 2023
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IMCD N.V. (ENXTAM:IMCD) agreed to acquire Needfill Corporation Ltd on September 27, 2023. As of December 31, 2022, Needfill Corporation reported revenue of KRW 26.2 billion. The closing of the transaction is subject to customary closing conditions and is expected to take place in the fourth quarter of 2023.
IMCD N.V. (ENXTAM:IMCD) completed the acquisition of Needfill Corporation Ltd on October 19, 2023. As of 2022, Needfill Corporation Ltd reported turnover of ?18 million. The total consideration related to the separate transactions, transferred in cash in 2023, amounts to approximately ?360 million.
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%).