IMCD China expands its presence with the acquisition of Shanghai Yuanhe Chemicals
02 Juni 2021 - 07:00PM
IMCD China expands its presence with the acquisition of Shanghai
Yuanhe Chemicals
ROTTERDAM, The Netherlands (June 2, 2021) – IMCD N.V.
(“IMCD” or “Company”), a leading distributor of speciality
chemicals and ingredients, today announced the acquisition of
Shanghai Yuanhe Chemicals Co., Ltd. (“Yuanhe”) in China.
Yuanhe, established since 2003, is a specialty coatings,
textile, and ink solution distributor for the China market. It
generated a revenue of EUR 13.2 million in 2020 and adds 20
employees to the IMCD China team. This enhances the portfolio of
IMCD China which serves the pharmaceutical, food and nutrition,
plastics, and personal care industries. “Combining forces with
Yuanhe provides IMCD a strategic move into the China coatings
market and complements the sustainability ambition of our global
Coatings & Construction Business Group with a strong focus on
environmental-friendly coatings solutions,” said Frank Schneider,
Business Group Director, IMCD Coatings & Construction.
“We are excited to join IMCD to make a difference in the
marketplace of coatings, textile and ink solutions through
technical expertise and global connections. With IMCD’s reputation
for professionalism and industry focus, plus Yuanhe’s strong local
presence and customer base, we will create many more opportunities
for our loyal customers and principal partners. We look forward to
the integration with IMCD,” commented Sherry Li, Owner and Managing
Director of Yuanhe.
The acquisition will boost IMCD China’s technical capabilities
with the addition of a full-scale formulation lab in Shanghai,
further strengthening IMCD’s global network of technical centres.
Attached, please find the press release in pdf format, and
pictures of the signing.
- Press Release_IMCD China acquires Shanghai Yuanhe
Chemicals
- Photo 1_IMCD China aquires Shanghai Yuanhe Chemicals
- Photo 2_IMCD China acquires Shanghai Yuanhe Chemicals
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