TAGS: Inks
IMCD announces that IMCD has signed an agreement to acquire the business of ResChem Technologies and ResChem Trust in Australia and New Zealand (ResChem). ResChem Technologies is a specialty distribution company. ResChem is headquartered in Sydney, Australia. It has generated a revenue of approximately AUD 25 million (ca. EUR 15 million) in 2023.
Strategic Acquisition
ResChem specializes in resins, additives and pigments. It is for use in inks, coatings, adhesives and construction applications. ResChem represents suppliers that are complementary to IMCD's portfolio. ResChem can strengthen IMCD's technical expertise with an application laboratory based in Sydney. IMCD is a distribution partner and formulator of specialty chemicals and ingredients.
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We see steady growth in the coatings industry in Australia and New Zealand with the advancement of innovative and sustainable solutions," said Frank Schneider. He is the director of Global Business Group, Coatings & Construction.
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With the joining of ResChem, we can leverage their complementary portfolio and technical capabilities. It will further develop our footprint in the local markets," added Schneider.
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This is a wonderful opportunity for our employees to join a multinational company and the opportunities for advancement it provides. For our customers and suppliers, we will continue to provide and further improve the high level of service they are used to from ResChem," said Bruce Forder. He is the managing director of ResChem Technologies.
The closing of the transaction is subject to customary closing conditions and is expected to take place in the second quarter of 2024.
Source: IMCD