IMCD completes acquisition of U.S. specialty chemicals distributor E.T. Horn Company
ROTTERDAM, The Netherlands – Aug. 1, 2018 – IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announced that it has successfully completed the acquisition of 100 percent of the outstanding shares of U.S. specialty chemicals distributor E.T. Company (“HORN”). The agreement on the acquisition of HORN was announced by IMCD in its press release of 12 June 2018.
HORN is an excellent fit with IMCD’s U.S. activities and supports the strategy of offering to its suppliers and customers an organisation with national U.S. coverage and dedicated segment expertise.
HORN was established in 1961 and is a leading specialty chemicals distributor in the U.S. with focus on coatings, construction, plastics, personal care, human and food nutrition, animal nutrition, nutraceuticals and other specialties. With a head office in La Mirada, Calif., HORN represents leading suppliers and is primarily focused on the west and southwest regions of the U.S. In 2017, HORN generated revenue of USD 276 million, a normalised EBITDA of USD 12 million and has approximately 200 employees.
This press release contains inside information as meant in clause 7 of the Market Abuse Regulation.
Read the press release from IMCD here: http://bit.ly/2Md7Nau
About IMCD N.V.
IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 1,907 million in 2017 with more than 2,200 employees in over 45 countries on 6 continents. IMCD’s dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 37,000 customers and a diverse range of world class suppliers.