IMCD N : Benelux expands its Beauty and Personal Care presence with the acquisition of Gova Ingredients
March 27, 2024 at 02:01 am EDT
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Established in 1999 and headquartered in Hoogerheide, Netherlands, Gova provides an extensive portfolio of cosmetic actives and functional ingredients. Through its in-house application laboratory, it provides its customers with formulation and technical support. With 10 employees, Gova generated a revenue of approximately EUR 6 million in 2023. The company represents leading global suppliers and serves customers in the Benelux market.
'Gova is a well-recognized specialty distributor for the beauty and personal care market in the Benelux. With its highly complementary product portfolio it further strengthens our position in the beauty and personal care market,' comments Lodewijk Mellema, Managing Director of IMCD Benelux.
'We are pleased to become part of IMCD Benelux. As part of IMCD, Gova will continue to provide and improve the high level of support to our valued suppliers and customers. We look forward to leverage IMCD's capabilities and global network to create new business opportunities', says Patrick Gonry, Managing Director of Gova Ingredients.
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IMCD N.V. is one of the world's leaders in the distribution of specialty chemicals and food ingredients. The group's activity is organized primarily around 8 markets:
- house cleaning and maintenance products and textile products: surfactants, abrasives, bleaching agents, dyes, solubilizing agents, functional additives, etc.;
- pharmaceutical products: excipients, active pharmaceutical ingredients, solvents, formulation intermediates and chemical synthesis, etc.;
- personal care products: dyes, rheology modifiers, active and functional and sensory ingredients, sunscreen agents, antioxidants, exfoliants, preservatives, etc.;
- coating products: additives, pigments, resins and special solvents;
- nutritional and food products: acids, emulsifiers, oils, fibers, preservatives, sweeteners, enzymes, plant extracts, etc.;
- lubricants: additives, silicone derivatives, esters, corrosion inhibitors, markers, surfactants, etc.;
- chemical products synthesis: monomers, catalysts, reactive diluents, solvents and additives;
- plastic products: mixers, thermoplastic elastomers, polyurethanes, composite materials, etc.
Net sales break down geographically as follows: the Netherlands (1.5%), Europe/Middle East/Africa (42.2%), Asia/Pacific (24.5%), North America (22.3%), and Latin America (9.5%).