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IMCD completes acquisition of US chemicals distributor, Lomas

IMCD to acquire speciality chemicals distributor in US

IMCD NV said that it will acquire 100 percent of LV Lomas, the Canadian and US speciality chemicals and ingredients distributor.

Lomas is an excellent fit with the IMCD business model and immediately provides IMCD with a significant presence in Canada and a further enhanced position in the US, the company said.

The closing of the transaction is expected at the end of August 2017.

Established in 1960 and with activities at six locations in Canada and the US, including offices in Toronto (head office), Montreal and Vancouver, Lomas is one of North Americas leading distributors of specialty chemicals, ingredients and raw materials and is distinguished by its experienced and qualified professionals that provide its customers with advanced technical support and market intelligence.

In 2016, the acquired business of Lomas generated revenue of C$383 million and realised a normalised EBITDA of C$18 million with approximately 280 employees.

With its asset light business model and long-term relationships with leading global chemical and ingredient suppliers, Lomas has an excellent fit with IMCD’s business model and strategy and significantly strengthens IMCD’s position in North America.

“This is an important step in the further development of IMCD’s North America region as it not only expands our geographical presence into Canada in all core markets but also further strengthens our US organisation and coverage,” said Piet van der Slikke, CEO of IMCD.

IMCD to distribute Givaudan flavours in Western Europe

ROTTERDAM, THE NETHERLANDS: IMCD NV has signed an exclusive agreement with Givaudan, to distribute the company’s flavours range in the food and nutrition markets across Germany, France, Italy, Spain, UK, Benelux and Nordics.

Givaudan is the global leader in the creation of flavours. Through this new partnership agreement, IMCD’s customers throughout Western Europe will continue to receive the highest level of service and support, but will also benefit from Givaudan’s flavour technology and solutions to help them solve challenges in a wide range of applications including bakery, savoury, dairy, nutrition, confectionery and beverages.

“This new relationship supports two key pillars of our 2020 strategy; partnering for shared success and growing with our customers. IMCD an excellent partner for Givaudan. They are a good strategic fit as like us, they put the customer at the heart of what they do. This relationship will allow us to reach a whole new customer base of small to medium-sized enterprises where we can add value and help customers create inspiring products which delight consumers,” said Kevin Robinson, Givaudan commercial head of Western Europe.

“Our exclusive distribution partnership with Givaudan brings together complementary expertise from both companies to give our customers an enhanced range of services and solutions. Working together, teams from IMCD and Givaudan have carefully selected the most successful and commercially competitive solutions to meet our customers’ quality, cost and application needs. We believe this new relationship will enable more customers to bring great products with amazing taste to life. We really want to offer the best of Givaudan to every single one of our customers,” added Fergus Johnson, business group director IMCD food & nutrition.