International. IMCD, a distributor of specialty chemicals and ingredients, acquires 100% of the shares of Orange Chemicals, which has a strong presence in coatings and construction, advanced materials and other industrial markets.
"Orange Chemicals offers a highly complementary portfolio of suppliers, products and customers, as well as excellent industry relationships, expertise and a proven track record of steady growth," said Paul Hanbury, Managing Director of IMCD UK.
"Joining forces with Orange Chemicals will enable IMCD UK to expand our customer offering and consequently accelerate our growth ambitions across the UK and Ireland," added Hanbury.
Winchester-based Orange Chemicals generated revenues of approximately €30 million in the 2022 financial year and adds seven employees to the IMCD UK team.
The company has long-standing partnerships with leading suppliers globally, making it ideal for IMCD UK.
"Joining IMCD is an exciting new chapter for Orange Chemicals and reinforces our commitment to delivering valuable connections between our customers and supply chain partners, as we have done for more than 45 years," said Orange Chemicals CEO John Millett.
"I am confident that our complementary portfolios and business models will be very beneficial to our companies, but also to the directors and clients we serve," Millett added.
