IMCD N : to acquire the personal care business of Turkish distributor Ejder Ki
December 24, 2020 at 12:47 am EST
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Ejder Kimya was founded in 1999 and is a Turkish chemicals distributor of raw materials for personal care and pharmaceuticals products and food additives. It has a strong and solid position in the personal care market in Turkey. Ejder Kimya's personal care business generated a revenue of € 4.7 million in 2019.
Aylin Zakuto, Managing Director IMCD Turkey, comments: 'This acquisition is a solid step to strengthen IMCD Turkey's footprint in the personal care market in line with IMCD's global growth strategy. Adding Ejder Kimya's personal care market expertise and extensive portfolio to IMCD will expand our offered solutions to customers and accelerate the growth of our suppliers in the personal care market'.
Pervin Ejder, CEO and owner of Ejder Kimya, adds: 'I am very excited and proud to hand over the value created by Ejder Kimya to the safe hands of IMCD. IMCD's decisiveness to invest and grow in the personal care market enabled us to do this transaction. I am very confident that both our customers and suppliers will benefit from this transaction'.
The closing of the transaction is subject to customary closing conditions and regulatory approval and is expected to take place early January 2021.
For further questions, please reach out to our Media Relations team.
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IMCD NV published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 December 2020 05:46:04 UTC
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%).
IMCD N.V. 
