IMCD India Acquires Two Business Lines From CJ Shah & Company
IMCD, a global distribution partner and formulator of specialty chemicals and ingredients, announced that IMCD India has signed an agreement to acquire two business lines from CJ Shah & Company for cellulose acetate butyrate, coalescing agent, polyolefin polymers, and other chemicals primarily for paints, coatings, adhesives, and lifesciences applications.
With 20 employees, these businesses generated a revenue of €25 million in the financial year that ended on March 31, 2023. They serve a large group of customers with an extensive portfolio of products alongside commercial, technical, and laboratory support.