IMCD Group recently announced the formation of a new business group: Industrial Solutions. The new group is focused on four key areas: chemical intermediaries, environmental technologies, material technologies, and processing technologies. Industrial Solutions will absorb the Synthesis business group, as well as areas of the other industries IMCD serves.
Establishing Industrial Solutions comes as a response to key global trends, according to the company. These trends include a rise in demand for products in applications like high-temperature, electronics, and batteries, as well as the prioritization of sustainability in the industry (with recycling and water treatment solutions top of mind for IMCD). Moving forward, the company reports that it will align its acquisitions with these market drivers to strategically grow the business in these areas of focus.