Industry News

Cognis and IMCD Group to work together in Europe

Published on 2005-12-05. Author : SpecialChem

Paint and coatings manufacturers expect a lot of their raw material suppliers: not just in terms of innovative, high-quality products, but also as regards excellent customer service, and a strong distribution network. With this in mind, specialty chemicals supplier Cognis has now decided to work together with the IMCD Group, one of Europe's leading specialty chemicals distribution companies. The aim is to establish a joint distribution network for Cognis' ingredients for the paint and coatings industry.

With effect from January 1, 2006, three subsidiaries of the IMCD Group - Interorgana GmbH & Co. KG (based in Cologne, Germany), Internatio B.V. (based in Rotterdam, the Netherlands) und IMCD Austria GmbH (based in Vienna, Austria) - will be responsible for the distribution of Cognis' raw ingredient products in Germany, Austria and the Benelux countries, with other countries to be added to the new network in due course.

"Partnering with the IMCD Group will enable us to offer our European customers a very well-developed distribution network with unified management structures and an excellent level of service," comments Cognis' European Distribution Manager, Carsten Baumann. "I believe that this agreement represents an excellent way for Cognis to further improve its level of customer service. The key factor in our decision was industry experience - the IMCD Group has a proven track record in meeting the technical requirements of the paint and coatings, adhesives, inks and polymerization categories."

About Cognis

Cognis is a worldwide supplier of innovative specialty chemicals and nutritional ingredients. The company employs about 8,100 people, and it operates production sites and service centers in 30 countries. Cognis has dedicated its activities to a high level of sustainability and delivers natural source raw materials and ingredients for food, nutrition and healthcare markets, and the cosmetics, detergents and cleaners industries. Additionally, Cognis provides solutions for a number of other industries, such as coatings and inks, lubricants, textiles and plastics, as well as agriculture and mining.

Cognis is owned by private equity funds advised by Permira, GS Capital Partners, and SV Life Sciences. In 2004, Cognis recorded sales of 3.07 billion euros and an Adjusted EBITDA (earnings before interest, income taxes, depreciation, amortization and exceptional items) of 362 million euros.

Source: Cognis

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