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MOSCOW (MRC) -- IMCD N.V., a
leading distributor of speciality chemicals and ingredients, has announced
that it has successfully signed an agreement to acquire the personal care
business of Ejder Kimya, according to the company's press release.
Ejder
Kimya was founded in 1999 and is a Turkish chemicals distributor of raw
materials for personal care and pharmaceutical products and food additives. It
has a strong and solid position in the personal care market in Turkey. Ejder
Kimya’s personal care business generated a revenue of EUR4.7 million in
2019.
Aylin Zakuto, Managing Director IMCD Turkey, comments: “This
acquisition is a solid step to strengthen IMCD Turkey’s footprint in the
personal care market in line with IMCD’s global growth strategy. Adding Ejder
Kimya’s personal care market expertise and extensive portfolio to IMCD will
expand our offered solutions to customers and accelerate the growth of our
suppliers in the personal care market”.
Pervin Ejder, CEO and owner of
Ejder Kimya, adds: “I am very excited and proud to hand over the value created
by Ejder Kimya to the safe hands of IMCD. IMCD’s decisiveness to invest and grow
in the personal care market enabled us to do this transaction. I am very
confident that both our customers and suppliers will benefit from this
transaction”.
The closing of the transaction is subject to customary
closing conditions and regulatory approval and is expected to take place in
early January 2021.
As MRC
reported previously, SIMONA AG plans to acquire 70% of the ownership
interests in MT Plastik AS, Duzce, Turkey. Established in 2007, MT Plastik is
Turkey's market leader within the area of PVC foam sheets. The products are used
primarily in the field of digital printing, advertising and structural
engineering. MT Plastik is a private owned company, employing around 50 people
and generating revenue in excess of EUR11 million. The company exports approx.
60 per cent of its revenue, mainly to Europe. The planned acquisition is to be
seen in the context of SIMONA's strategic realignment in Europe and will help to
strengthen the Group's market position within the area of PVC foam
products.
Accoring to MRC's DataScope report,
imports of suspension polyvinyl chloride (SPVC) into Russia totalled 38,500
tonnes in the first ten months of 2020, down by 16% year on year. At the same
time, exports decrease by 1%. |
