Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Netherlands
  4. Euronext Amsterdam
  5. IMCD N.V.
  6. News
  7. Summary
    IMCD   NL0010801007

IMCD N.V.

(IMCD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

IMCD China acquires Syntec to accelerate growth in the personal care market

12/06/2021 | 01:01pm EST

ROTTERDAM, The Netherlands (6 December 2021)IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, today announces that IMCD China has signed an agreement to acquire 100% of the shares of Shanghai Syntec Additive Limited and Shanghai Weike Additive Limited (jointly “Syntec”).

“The personal care market is an integral part of IMCD China’s growth strategy,” remarked Andreas Igerl, Managing Director of IMCD China. “With this acquisition, we now can accelerate our growth momentum organically and through supplier expansion. The addition of a fully equipped laboratory in Shanghai will provide added value through formulation expertise to our customers,” added Igerl.

Founded in 2003, Syntec represents some of the world’s leading suppliers and provides market, technical and formulation expertise in China's personal care, cosmetics, and home care industries. Syntec generated a revenue of approximately 107 million RMB (ca. EUR 14.4 million) in 2020 and has 25 employees.

“We are delighted to join IMCD as we share a similar approach of being service oriented and providing innovative solutions to our customers and partners,” commented Owen Yu, Founder and General Manager of Syntec. “We will be able to tap on IMCD’s global network and resources to gain sustainable development and progression in the personal care market,” concluded Yu.

The closing of the transaction is expected to take place within the next five weeks.

-xxx-

About IMCD N.V.


IMCD is a market leader in the sales, marketing, and distribution of speciality chemicals and ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas, and Asia-Pacific, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends.

Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 2,775 million in 2020 with nearly 3,300 employees in over 50 countries on 6 continents. IMCD's dedicated team of technical and commercial experts work in close partnership to tailor best-in-class solutions and provide value through expertise for around 50,000 customers and a diverse range of world-class suppliers.

For further information, please visit www.imcdgroup.com


Media contacts

IMCD Group
Maribel Rodriguez
Senior Group Communications Manager
+31 6 1479 6610

IMCD Asia Pacific
Wendi Lim
Regional Marketing Communications Manager
+ 65 6995 1026

mediarelations@imcdgroup.com

Attachments

  • Photo - IMCD China acquires Syntec to accelerate growth in the personal care market
  • Photo captions - IMCD China acquires Syntec to accelerate growth in the personal care market

© OMX, source GlobeNewswire - EU Press Releases

All news about IMCD N.V.
2021IMCD To Expand Into Southeast Europe Via Polychem Handelsges Deal
MT
2021IMCD bolsters its presence in EMEA with the envisaged acquisition of POLYchem Group
AQ
2021IMCD N.V. agreed to acquire Polychem Handelsgesellschaft M.B.H.
CI
2021IMCD to Buy RPL Trading to Reinforce Home Care, Water Treatment Portfolios
MT
2021IMCD Australia & New Zealand strengthen its home care and water treatment portfolios wi..
AQ
2021IMCD N : Brasil launches initiative to empower communities to improve recycling endeavors
PU
2021IMCD to nominate Management Board members for reappointment
AQ
2021IMCD PRESENTS TOMORROW'S PHARMACEUTI : Insights into the global changes impacting the phar..
PU
2021IMCD Unit to Buy Chinese Personal Care Supplier Syntec
MT
2021IMCD China acquires Syntec to accelerate growth in the personal care market
AQ
More news
Analyst Recommendations on IMCD N.V.
More recommendations
Financials
Sales 2021 3 367 M 3 819 M 3 819 M
Net income 2021 203 M 230 M 230 M
Net Debt 2021 745 M 845 M 845 M
P/E ratio 2021 43,9x
Yield 2021 0,87%
Capitalization 8 870 M 10 061 M 10 061 M
EV / Sales 2021 2,86x
EV / Sales 2022 2,60x
Nbr of Employees -
Free-Float 98,2%
Chart IMCD N.V.
Duration : Period :
IMCD N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IMCD N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Last Close Price 155,90 €
Average target price 176,82 €
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Pieter C. J. van der Slikke Chief Executive Officer
Hans Kooijmans Chief Financial Officer
Janus Smalbraak Chairman-Supervisory Board
Arjan J. T. Kaaks Vice Chairman-Supervisory Board
Stephan Ronald Nanninga Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
IMCD N.V.-17.39%10 378
ECOLAB INC.-9.13%61 088
SIKA AG-11.76%52 403
GIVAUDAN SA-12.54%42 236
YUNNAN ENERGY NEW MATERIAL CO., LTD.7.03%38 099
HENKEL AG & CO. KGAA9.31%37 280