IMCD to acquire the personal care business of Turkish distributor Ejder Kimya
26 November 2020 - 5:45PM
IMCD to acquire the personal care business of Turkish distributor
Ejder Kimya
ROTTERDAM, The Netherlands (26 November
2020) – IMCD N.V. (“IMCD”), a leading distributor of
speciality chemicals and ingredients, today announces that it has
successfully signed an agreement to acquire the personal care
business of Ejder Kimya İlaç Danışmanlık Sanayi ve Ticaret A.Ş.
(“Ejder Kimya”).
Ejder Kimya was founded in 1999 and is a Turkish
chemicals distributor of raw materials for personal care and
pharmaceuticals products and food additives. It has a strong and
solid position in the personal care market in Turkey. Ejder Kimya’s
personal care business generated a revenue of € 4.7 million in
2019. Aylin Zakuto, Managing Director IMCD Turkey, comments: “This
acquisition is a solid step to strengthen IMCD Turkey’s footprint
in the personal care market in line with IMCD’s global growth
strategy. Adding Ejder Kimya’s personal care market expertise and
extensive portfolio to IMCD will expand our offered solutions to
customers and accelerate the growth of our suppliers in the
personal care market”.
Pervin Ejder, CEO and owner of Ejder Kimya, adds: “I am very
excited and proud to hand over the value created by Ejder Kimya to
the safe hands of IMCD. IMCD’s decisiveness to invest and grow in
the personal care market enabled us to do this transaction. I am
very confident that both our customers and suppliers will benefit
from this transaction”.
The closing of the transaction is subject to
customary closing conditions and regulatory approval and is
expected to take place in early January 2021.
Attached, please find the release in pdf
format.
- Press release_IMCD acquires Ejder Kimya Danışmanlık
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