Distribution group buys Warwick International
Marketing and distribution company IMCD has reached an agreement with Warwick International Group Ltd, based in North Wales for the sale of its speciality chemical distribution companies. Included in the transaction are Warwick’s distribution operations in France, Italy, Spain and Portugal, as well as Warwick Technology (Slovenia) and GME Chemicals (Malaysia). The combined businesses have sales revenues of approximately €80m and employ 125 staff.
IMCD already has major distribution businesses in France, Iberia and Italy and says this acquisition will significantly strengthen its technical expertise and product offering in these regions.
“IMCD will continue to reinforce its presence in Europe as the leading distributor for speciality chemical and food ingredients”, says Piet van der Slikke, ceo of IMCD Group. “We expect that this acquisition will result in significant synergies and will open up new growth possibilities.”
At the same time, IMCD says the acquisition of the Malaysian operation underlines the company’s determination to expand its presence in Asia Pacific. “With a dominant position in Australia and with presence in China and India, the addition of this leading Malaysian distributor to the group is an important step for us to expand in South East Asia,” continues Van der Slikke.
IMCD has doubled in size over the last decade. Terms of this latest deal have not been disclosed.