IMCD Acquires Paceco Industrial Supplies in Singapore
August 20, 2013
IMCD Group B.V. has acquired Singapore-based Paceco Industrial Supplies Pte. Ltd., a distributor of engineering and speciality plastics. Established in 1985, the company is active in Singapore, China and Malaysia and currently employs 28 staff who will all transfer to IMCD. George Chong, one of the company’s two founders, will remain the managing director.
The introduction of Point-of-Sale Tinting systems in the 1950s changed forever the way that decorative paints are sold. Prior to World War II and during the immediate post-war period, paints were supplied in a limited range of colors and retailers ha…