IMCD N.V.: IMCD China expands its presence with the acquisit

IMCD N.V.: IMCD China expands its presence with the acquisition of Shanghai Yuanhe Chemicals


IMCD N.V.: 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.

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