IMCD bolsters its presence in EMEA
IMCD has signed an agreement to acquire 100% of the shares of Polychem, a leading provider of chemical raw materials and additives in Austria and Southeast Europe.
Established in 1978, Polychem started trading raw materials, machinery, and additives. Their diverse product offering and expanded coverage across Southeast Europe has made them a distribution partner to leading speciality chemical manufacturers in the region. In 2020, they generated a revenue of approximately EUR 25 million and they add 65 employees to the IMCD Southeast Europe team.
“Opportunity for further regional development”
“The acquisition of Polychem provides us an excellent platform to better serve customers and partners throughout Southeast Europe (SEE). Besides broadening our global network of technical centres by establishing the first laboratory in this region, it provides us the opportunity for further regional development in SEE emerging markets,” said Johann Milchram, Managing Director IMCD Southeast Europe.
The closing of the transaction is subject to customary regulatory review and is expected to take place during the first quarter of 2022.
