IMCD China expands its presence with the acquisition of Shanghai Yuanhe Chemicals

Photo 1_IMCD China acquires Shanghai Yuanhe Chemicals

Photo 1, from left to right: • Sherry Li, Owner and Managing Director of Shanghai Yuanhe Chemicals • Laurens Dalmijin, General Counsel of IMCD Group • Frank Schneider, Commercial Group Director, IMCD Coatings & Construction • Andreas Igerl, Managing Director IMCD China

Photo 1, from left to right: • Sherry Li, Owner and Managing Director of Shanghai Yuanhe Chemicals • Laurens Dalmijin, General Counsel of IMCD Group • Frank Schneider, Commercial Group Director, IMCD Coatings & Construction • Andreas Igerl, Managing Director IMCD China

Photo 2_IMCD China acquires Shanghai Yuanhe Chemicals

In photo 2, from left to right: • Sherry Li, owner and general manager of Shanghai Yuanhe Chemicals •;  Andreas Igerl, Managing Director of IMCD China

In photo 2, from left to right: • Sherry Li, owner and general manager of Shanghai Yuanhe Chemicals • Andreas Igerl, general manager of IMCD China

In photo 2, from left to right: • Sherry Li, owner and general manager of Shanghai Yuanhe Chemicals • Andreas Igerl, general manager of IMCD China

ROTTERDAM, Netherlands (June 2, 2021) – IMCD NV (“IMCD” or “Company”), a leading distributor of chemicals and specialty ingredients, today announced the acquisition of Shanghai Yuanhe Chemicals Co., Ltd. (“Yuanhe”) in China.

Yuanhe, established since 2003, is a distributor of specialty coatings, textiles and ink solutions for the Chinese market. It generated a turnover of 13.2 million euros in 2020 and adds 20 employees to the IMCD China team. This enhances IMCD China’s portfolio which serves the pharmaceutical, food and nutrition, plastics and personal care industries.

“The combination of our strengths with Yuanhe offers IMCD a strategic advance in the Chinese coatings market and complements the sustainability ambition of our global Coatings & Construction business group with a strong emphasis on environmentally friendly coatings solutions. ‘environment,’ said Frank Schneider, Business Group Director, IMCD Coatings & Construction.

“We are delighted to join IMCD to make a difference in the coatings, textiles and ink solutions market through technical expertise and global connections. With IMCD’s reputation for professionalism and industry focus, along with Yuanhe’s strong local presence and customer base, we will create many more opportunities for our loyal customers and key partners. We look forward to the integration with IMCD, ”commented Sherry Li, Owner and General Manager of Yuanhe.

The acquisition will strengthen the technical capabilities of IMCD China with the addition of a large-scale formulation laboratory in Shanghai, thereby strengthening IMCD’s global network of technical centers.

You will find attached the press release in pdf format, and photos of the signature.

Attachments


Source link

About Emilie Brandow

Avatar

Check Also

Chinese tech crackdown is India’s win, venture capitalist says

(Bloomberg) – China’s crackdown on its tech industry means global investors seeking exposure to emerging …

Leave a Reply

Your email address will not be published. Required fields are marked *