IMCD successfully completes acquisition of Aroma Chemical Agencies

IMCD N.V., a leading distributor of speciality chemicals and food ingredients, has announced that it has successfully completed the acquisition of 100% of the outstanding shares of Aroma Chemical Agencies (India) Pvt. Ltd. and Alchemie Agencies Pvt. Ltd.

Aroma has its headquarter in Mumbai, and offices throughout the country in Kolkata, Chennai, New Delhi, Faridabad and Vadodara. “With an extensive commercial network across India and its long-standing relationships with global suppliers in the coatings, plastics and other specialty chemicals industries, Aroma is an excellent fit with IMCD’s existing operations,” a press release from IMCD said.

Aroma was established in 1973 and is an Indian specialty chemicals distributor with a focus on additives, resins and pigments for the coatings, construction, adhesives and plastics industries. Alchemie is a long-standing part of the Aroma group and carries out the indenting business in the same industrial segments. The companies together employ approximately 70 employees in India and generated €26-mn revenue in 2017-18.

“This acquisition perfectly complements our existing strong position in Life Sciences and helps establish IMCD India as a truly multi market speciality chemical distributor with an infrastructure to deliver growth for our suppliers across all regions of India,” Mr. Amit, Managing Director, IMCD India Pvt. Ltd. said.

“Combining Aroma’s longstanding local presence and expertise with IMCD’s excellent international network will open a new chapter for both companies’ industrial businesses in India,” observed Mr. Saurin Shah, Managing Director of Aroma. The acquisition will be paid from available cash and existing facilities.