IMCD India to acquire Parkash Dye Chem
IMCD has signed an agreement to acquire 100% of the shares of Parkash Dye Chem, one of India’s leading distributors of speciality chemicals for construction and printing inks.
Established in 1988 and headquartered in Delhi, India, Parkash Dye Chem is an asset-light speciality chemical distributor serving the coatings and construction segments (e.g. construction chemicals, printing inks, paints and coatings) as well as personal care and advanced materials markets.
Closing expected to take place in December 2022
With around 60 employees, Parkash Dye Chem generated a revenue of approximately EUR 30 million in the financial year that ended on March 31, 2022. The company represents leading global suppliers and serves a large group of customers with an extensive portfolio of products alongside commercial and technical support. The closing of the transaction is subject to customary closing conditions and is expected to take place in December 2022.
