Posted On: August 1, 2018
IMCD Completes Acquisition of US Specialty Chemicals Distributor E.T. Horn Company
ROTTERDAM, The Netherlands (1 August 2018, 07:00 CET) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announces that it has successfully completed the acquisition of 100% of the outstanding shares of US specialty chemicals distributor E.T. Horn Company (“HORN”). The agreement on the acquisition of HORN was announced by IMCD in its press release of 12 June 2018.
HORN is an excellent fit with IMCD's US activities and supports the strategy of offering to its suppliers and customers an organisation with national US coverage and dedicated segment expertise.
HORN was established in 1961 and is a leading specialty chemicals distributor in the US with a focus on coatings, construction, plastics, personal care, human food & nutrition, animal nutrition, nutraceuticals and other specialties. With a head office in La Mirada, California HORN represents leading suppliers and is primarily focused on the West and South West regions of the US. In 2017, HORN generated revenue of USD 276 million, a normalised EBITDA of USD 12 million and has approximately 200 employees.
This press release contains inside information as meant in clause 7 of the Market Abuse Regulation.