IMCD acquires ResChem to strengthen coatings and construction business in Australia and New Zealand

IMCD has signed an agreement to acquire the business of Australian and New Zealand specialist distribution company ResChem Technologies Pty Ltd and ResChem Trust.

Founded in 2007, ResChem specializes in the production of resins, additives and pigments for inks, coatings, adhesives and construction applications. ResChem represents leading global suppliers and complements IMCD's product portfolio. Headquartered in Sydney, Australia, ResChem employs 15 people, has 2023 revenue of approximately A$25 million, and strengthens IMCD's technical expertise through its application laboratory in Sydney.

"We are seeing steady growth in the coatings industry in Australia and New Zealand as innovative and sustainable solutions advance," said Frank Schneider, IMCD Global Business Group Director of Coatings & Construction. "With the addition of ResChem, we can leverage their complementary product portfolio and technical capabilities to further develop our footprint in the local market."

"This is a great opportunity for our employees to join a leading multinational company and the advancement opportunities it offers. For our customers and suppliers, we will continue to provide and enhance the high level of service they are accustomed to from ResChem." said Bruce Ford, Managing Director of ResChem Technologies.

Completion of the transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024.