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IMCD to acquire the personal care business of Turkish distributor Ejder Kimya

November 30/2020

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 Kimyas 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 Turkeys footprint in the personal care market in line with IMCDs global growth strategy. Adding Ejder Kimyas 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. IMCDs 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%.
Author:Margaret Volkova
Tags:Europe, PVC, SPVC, petrochemistry, personal hygiene products, Russia, Turkey.
Category:General News
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