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The closing of the transaction is expected to take place in the fourth quarter of 2023.
June 22, 2023
By: KERRY PIANOFORTE
Editor, Coatings World
IMCD, a global distribution partner, formulator of specialty chemicals and ingredients, and expert solutions provider announced that IMCD has signed an agreement to acquire 100% of the shares of the specialty distribution company Brylchem Pte and the business of Chemipac Pte and CMS Marketing Trading Co. in Vietnam (jointly Brylchem Group). Brylchem Group offers a wide range of products in the coatings, construction, advanced materials, agrochemical, home care and industrial cleaning, feed and veterinary, and lubricants industries for the Singapore and Vietnam markets. It represents global suppliers providing its customers with an extensive portfolio backed by technical and commercial excellence. Brylchem Group generated a revenue of approximately SGD 85 million (ca. EUR 58 million) in 2022. The closing of the transaction is expected to take place in the fourth quarter of 2023.
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