Industry News

IMCD Takes Ownership of Feza Kimya, a Specialty Chemical Distributor

Published on 2016-12-29. Author : SpecialChem

ROTTERDAM, The Netherlands -- IMCD, one of the leading distributors of specialty chemicals and food ingredients, has announced that it has acquired 100% of Feza Kimya İç ve Dış Ticaret Anonim Şirketi (Feza Kimya), based in Istanbul, Turkey. With a focus on the coatings and plastics markets, Feza Kimya perfectly complements the existing IMCD Turkey operations.

Feza Kimya, founded in 1959 by Saffet Bozkurt, is one of the leading market players in the technical sales, marketing and distribution of specialty chemicals and instruments in Turkey selling into the coatings, plastics, rubber, lubricants and detergents sectors. In 2015 Feza Kimya generated revenue of EUR 8 million with 23 employees.

Establishing Position in the Turkish Coatings Market

IMCD Takes Ownership of Feza Kimya

Gokhan Oran, Managing Director IMCD Turkey, comments on the acquisition: "With a highly-acclaimed reputation, long-term supplier partnerships and dedicated sales team, Feza Kimya is an excellent fit with IMCD. This acquisition will allow us to establish a market-leading organization for the Turkish coatings industry and will also provide a platform to build a local application laboratory dedicated to coatings. This will ensure that we further develop our technical support for both our suppliers and customers in the Turkish region. In addition, the acquisition expands our operations into plastics: a key market in Turkey.

Enhancing Product Offering

Mr. Mehmet Bozkurt, Managing Director of Feza Kimya, adds: “IMCD’s focus on providing innovative solutions and a high-quality service to its partners closely aligns with Feza Kimya’s values and strategy. We are delighted to become a part of the IMCD organization and very much look forward to working together to create new development opportunities and to further enhance our offering to our existing and new partners.

About Feza Kimya

Feza Kimya was established back in 1959 with a small core group headed by its founder, Saffet Bozkurt. The company grew by taking sound and stable steps and always acted on the principles of “quality” and “providing better service”. It soon became the exclusive Turkish representative for many of the world’s leading raw material and instrument producers in the paint and chemicals industry.

About IMCD

IMCD is one of the leading companies in sales, marketing and distribution of specialty chemicals and food ingredients. Representing major global producers, our sales people are market focused technical experts who offer solutions for customers’ problems utilizing comprehensive and complementary product portfolio. It provides its partners with optimum tailored solutions for multi-territory distribution management in EMEA, Asia-Pacific and Americas.

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Source: IMCD
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