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Distributor IMCD Acquires in South Africa

9:40 AM MDT | July 4, 2011 | Ian Young

Chemical distributor IMCD Group (Rotterdam) has acquired Ethnichem (Johannesburg). Financial terms were not disclosed. Ethnichem is an important local player in the personal care and pharmaceutical industries, IMCD says. "Ethnichem's product offering fits very well with the current IMCD South African product portfolio, broadening the growth possibilities in the market," says Mark Hepburn, managing director at IMCD South Africa. IMCD has total sales of about €1 billion/year across businesses in Europe, Asia/Pacific, and...

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