IMCD

IMCD acquires SA’s speciality chemical distributor Chemimpo

Holland’s IMCD Group, a leading speciality chemicals and food ingredients company has acquired 100% of the shares of Chemimpo South Africa through its subsidiary IMCD South Africa.

This is the third recent consolidation in the speciality chemicals/food ingredients sector in South Africa. Last August, Chempure, the Pretoria-based supplier, was bought by Ascendis Health, while in November 2011, Sharon Bolel Chemcial Marketing, based in Jo’burg, was swallowed up by CJP Chemicals (its namesake founder, Sharon Bolel, quit the business at the end of 2012).

The Dutch multinational says integration of the two companies in South Africa will take place through the course of 2013 and will establish IMCD South Africa as the leading speciality chemical company in sub-Saharan Africa. The combined operation will have approximately 90 employees.

Commenting on the deal, Piet van der Slikke, CEO of Rotterdam-based IMCD said: “The activities of IMCD and Chemimpo are highly complementary and we are delighted to welcome such a well-respected distributor to the group. Working with leading supplier partners, the two companies share a similar culture and ethos focussing on the growth of speciality chemicals and food ingredients through technical innovation and commercial tenacity.”

Otto Brinkmann, Chemimpo’s MD, who will head up the combined operation, added: “We are all excited with this change as it significantly increases our customer base, laboratory presence and sales personnel, delivering exhaustive market penetration.”

Headquartered in Johannesburg, Chemimpo South Africa also has branches in Cape-Town and Durban together with warehousing facilities in all three major centres as well as Port Elizabeth and East London.

About IMCD Group IMCD Group is a leading company in sales, marketing and distribution of specialty chemicals and food ingredients. With a network of offices and warehouses located in Europe, Asia-Pacific and Africa, IMCD provides its partners with optimum tailored solutions for multi-territory distribution management. Headquartered in Rotterdam, The Netherlands, IMCD has a turnover of € 1.3 billion and employs about 1 250 professionals in 39 countries who provide best in class expertise for major global producers.