IMCD, a global distribution partner, formulator of specialty chemicals and ingredients, and expert solutions provider announces that IMCD has signed an agreement to acquire 100% of the shares of the specialty distribution company Brylchem Pte and the business of Chemipac Pte and CMS Marketing Trading Co. in Vietnam (jointly Brylchem Group).
Gaining Foothold in Singaporean & Vietnamese Markets
Brylchem Group offers a wide range of products in the coatings, construction, advanced materials, agrochemical, home care and industrial cleaning, feed and veterinary, and lubricants industries for the Singapore and Vietnam markets.
It represents global suppliers providing its customers with an extensive portfolio backed by technical and commercial excellence. Brylchem Group generated a revenue of approximately SGD 85 million (ca. EUR 58 million) in 2022.
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Brylchem Group provides IMCD with an excellent gain in foothold, given their strong presence in the highly dynamic and vibrant Singaporean and Vietnamese markets," remarked Daan Roebbers, regional director of Expansion, Strategy, and Digitalization at IMCD APAC.
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This is a momentous milestone with it being the first acquisition for Vietnam and a vital opportunity for our business expansion into new markets for both countries," added Roebbers.
The closing of the transaction is expected to take place in the fourth quarter of 2023.
Source: IMCD