IMCD strengthens its waterborne coatings solutions with the acquisition of Aquatech
29 September 2021 - 7:00PM
IMCD strengthens its waterborne coatings solutions with the
acquisition of Aquatech
ROTTERDAM, The Netherlands (29 September 2021)
– IMCD N.V. (“IMCD” or “Company”), a leading distributor
of speciality chemicals and ingredients, today announces that IMCD
China has signed an agreement to acquire Aquatech Speciality
(Shanghai) International Trading Co., Ltd. and Aquatech Speciality
(Guangzhou) Trading Co., Ltd. (“Aquatech”) in China.
Since its establishment in 2004, Aquatech has
been active in waterborne solutions in coatings, ink, and textile
industries. Aquatech generated a revenue of approximately RMB 51
million (ca. EUR 6.7 million) in 2020 and adds 10 employees to
the IMCD China team. Aquatech’s coatings business enhances the
future-focused portfolio of IMCD Coatings & Construction
Business Group in China.
“Aquatech’s philosophy of value creation matches
perfectly with IMCD’s strategy to become a strong partner for our
customers and suppliers for sustainable coatings solutions in
China” commented Andreas Igerl, Managing Director of IMCD China.”
“Today is a significant day for Aquatech as we join IMCD as part of
their global network. With IMCD’s global connection and technical
expertise, plus our local presence and capability, I am confident
that we will provide more added value to our customers and partners
to drive sustainability in the coatings industry,” said Peter Shek,
owner of Aquatech.
The closing of the transaction is expected to take place in
November.
Attached, please find the official photo of the signing of the
acquisition agreement and the photo captions.
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About IMCD N.V.
IMCD is a market leader in the sales, marketing,
and distribution of speciality chemicals and ingredients. Its
result-driven professionals provide market-focused solutions to
suppliers and customers across EMEA, Americas, and Asia-Pacific,
offering a range of comprehensive product portfolios, including
innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD
realised revenues of EUR 2,775 million in 2020 with nearly 3,300
employees in over 50 countries on 6 continents. IMCD's dedicated
team of technical and commercial experts work in close partnership
to tailor best-in-class solutions and provide value through
expertise for around 50,000 customers and a diverse range of
world-class suppliers.
For further information, please visit
www.imcdgroup.com
About Aquatech
Aquatech specialises in waterborne solutions for
the coatings, inks, and textile industries, serving more than 500
customers across China with a team of 10 commercial and technical
experts. Aquatech offers customised formulations from a diverse
range of product portfolio solutions from world-class suppliers
with the aim to lead as the sustainable solution provider.
Media contacts
IMCD Group
Maribel RodriguezSenior Group Communications Manager +31 6 1479
6610
IMCD Asia PacificWendi LimRegional Marketing Communications
Manager+ 65 6995 1026
mediarelations@imcdgroup.com
- Photo - IMCD China strengthens its waterborne coatings solution
with the acquisition of Aquatech
- Photo captions - IMCD China strengthens its waterborne coatings
solution with the acquisition of Aquatech
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