IMCD completes acquisition of L.V. Lomas
(Thomson Reuters ONE) -
ROTTERDAM, The Netherlands (1 September 2017, 7:00 CET) - IMCD N.V. ("IMCD" or
"Company"), a leading distributor of speciality chemicals and food ingredients,
today announces that effectively 31 August 2017, it has successfully completed
the acquisition of 100% of the Canadian and US specialty and ingredients
distributor L.V. Lomas. The agreement on the acquisition of L.V. Lomas was
announced by IMCD in its press release of 4 August 2017.
Established in 1960 and with activities at six locations in Canada and the US,
including offices in Toronto (Head Office), Montreal and Vancouver, L.V. Lomas
is one of North Americas leading distributors of specialty chemicals,
ingredients and raw materials and is distinguished by its experienced and
qualified professionals that provide its customers with advanced technical
support and market intelligence. In 2016, the acquired business of L.V. Lomas
generated revenue of C$383 million and realised a normalised EBITDA of C$18
million with approximately 280 employees.
With its asset light business model and long term relationships with leading
global chemical and ingredient suppliers L.V. Lomas has an excellent fit with
IMCD's business model and strategy and immediately provides IMCD with a
significant presence in Canada and a further enhanced position in the US.
This press release contains inside information as meant in clause 7 of the
Market Abuse Regulation.
For further information:
Investor Relations
T: +31102908674
(at): ir(at)imcdgroup.com
***
About IMCD N.V.
IMCD is a market-leader in the sales, marketing and distribution of speciality
chemicals and food ingredients. Its result-driven professionals provide market-
focused solutions to suppliers and customers across EMEA, Asia-Pacific and
Americas, offering a range of comprehensive product portfolios, including
innovative formulations that embrace industry trends.
Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of ? 1,715 million
in 2016 with more than 1,800 employees in over 40 countries on 6 continents.
IMCD's dedicated team of technical and commercial experts work in close
partnership to tailor best in class solutions and provide value through
expertise for around 34,000 customers and a diverse range of world-class
suppliers.
To find out more about IMCD, please visit www.imcdgroup.com
PRESS RELEASE_IMCD completes acquisition of L.V. Lomas:
http://hugin.info/164110/R/2130868/814100.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IMCD N.V. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2017 - 07:04 Uhr
Sprache: Deutsch
News-ID 558508
Anzahl Zeichen: 3184
contact information:
Town:
Rotterdam
Kategorie:
Business News
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