IMCD has completed the acquisition of the India based “Monachem Additives Private Limited’ and “ Addpol Chemspecialities Private Limited” (together Monachem Additives).
Monachem Additives is engaged in supplying and selling a comprehensive range of specialty chemicals products for the plastics industry.
Building IMCD’s Position in Indian Advanced Materials segment
Olivier Champault, Director of IMCD Advanced Materials commented that this acquisition fits perfectly in their efforts to build and establish IMCD’s position in the Advanced Materials segment in India.
The acquisition also supports their ambition to expand in Asia.
Both the companies have a strong track record in offering specialty products and technical expertise which is very much aligned with IMCD practices.
The acquisition is paid from available cash and existing facilities.
Source: IMCD