Posted On: May 19, 2017
IMCD to acquire the speciality chemicals business of Bossco Industries Inc and expand its presence in the United States
ROTTERDAM, The Netherlands (19th May, 2017) - IMCD N.V. ("IMCD" or "Company"), a leading distributor of speciality chemicals and food ingredients, announces that it has signed an agreement to acquire the speciality chemicals distribution business of Bossco Industries Inc.
Bossco Industries was established in 1989 and is a distributor of speciality chemicals, supplying products and technical solutions to all major industrial market segments in the southwestern region of the United States. Located in Houston, Texas, Bossco Industries generated revenue of 11 million USD in 2016.
After completion of the transaction, expected at the beginning of July 2017, the business will be integrated within IMCD US with Edward Boss becoming a senior member of the IMCD management team.
Edward Boss, President of Bossco Industries sees an excellent fit with IMCD adding that, "IMCD shares our vision of offering technical solutions to our customers and a transparent, growth focused partnership with our principal partners."
John Mastrantoni, President of IMCD US adds, "The acquisition of Bossco Industries will further strengthen IMCD US and our ability to offer national coverage to our principal partners."
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