IMCD completes the acquisition of Signet Excipients Private Limited
04 November 2020 - 5:45PM
IMCD completes the acquisition of Signet Excipients Private Limited
ROTTERDAM, The Netherlands (4 November 2020, 17:45 CET)
- IMCD N.V. (“IMCD” or the “Company”), a leading global
distributor of speciality chemicals and ingredients, announces
that, effective as per today, it has successfully completed the
acquisition of 70% of Indian speciality chemicals distributor
Signet Excipients Private Limited (“Signet”), with the 30%
remaining shares to follow by 2024. The founders of Signet will
continue to lead Signet. The agreement on the acquisition of Signet
was announced by IMCD in its press release of 15 September
2020.
Founded in 1986, Signet grew from a small distribution company
to one of the leading distributors of excipients in India. It
focusses on the distribution of pharmaceutical, nutraceutical and
bio-pharma excipients across categories such as diluents, fillers,
sweeteners, disintegrants, binders, surfactants and others. Based
in Mumbai, Signet is active in India, Bangladesh, the Middle East
and Africa. With approximately 100 employees, Signet generated
revenue of INR 13.2 billion (ca. EUR 152 million) in the last
twelve months up to and including June 2020.
The acquisition of Signet significantly strengthens IMCD’s
presence in India and increases IMCD’s position in the high-growth
APAC region. It is an important step in IMCD’s strategy to become a
leading global speciality pharma ingredient distributor and
strengthens IMCD’s footprint in the high growth and resilient
pharma excipient distribution market.
Attached, please find the release in pdf format.
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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, Asia-Pacific and
Americas, offering a range of comprehensive product portfolios,
including innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of
EUR 2,690 million in 2019 with nearly 3,000 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
49,000 customers and a diverse range of world class suppliers.
To find out more about IMCD, please visit www.imcdgroup.com or
contact ir@imcdgroup.com.
- PRESS RELEASE_IMCD completes the acquisition of Signet
Excipients Private Limited
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