Advertisements

IMCD China to expand its presence with the acquisition of Shanghai Yuanhe Chemicals

IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, announced the acquisition of Shanghai Yuanhe Chemicals Co., Ltd. (“Yuanhe”) in China.

IMCD China aquires Shanghai Yuanhe Chemicals

From left to right: Sherry Li, Owner and General Manager of Shanghai Yuanhe Chemicals, Laurens Dalmijin, General Counsel of IMCD Group, Frank Schneider, Business Group Director, IMCD Coatings & Construction, Andreas Igerl, Managing Director of IMCD China

Yuanhe, established since 2003, is a specialty coatings, textile and ink solution distributor for the China market. It generated a revenue of EUR 13.2 million in 2020 and adds 20 employees to the IMCD China team. This enhances the portfolio of IMCD China which serves the pharmaceutical, food and nutrition, plastics, and personal care industries. 


“Combining forces with Yuanhe provides IMCD a strategic move into the China coatings market and complements the sustainability ambition of our global Coatings & Construction Business Group with a strong focus on environmental-friendly coatings solutions,” said Frank Schneider, Business Group Director, IMCD Coatings & Construction. 

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

Photo 2_IMCD China acquires Shanghai Yuanhe Chemicals

From left to right: Sherry Li, Owner and General Manager of Shanghai Yuanhe Chemicals , Andreas Igerl, Managing Director of IMCD China


The acquisition will boost IMCD China’s technical capabilities with the addition of a full-scale formulation lab in Shanghai, further strengthening IMCD’s global network of technical centres

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SUBSCRIBE TO OUR NEWSLETTER

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Paints and Coatings Expert will use the information you provide on this form to be in touch with you and to provide updates and marketing.
%d bloggers like this: