IMCD completes acquisition of 70% stake in Signet Excipients Private Limited

IMCD N.V. has completed the acquisition of 70% of Indian speciality chemicals distributor Signet Excipients Private Limited, effective November 4, 2020. The remaining 30% shares will follow by 2024. Signet, based in Mumbai, generated revenue of INR 13.2 billion (ca. EUR 152 million) in the last twelve months.

“The acquisition of Signet significantly strengthens IMCD’s presence in India and increases IMCD’s position in the high-growth APAC region.”nasdaq.com

• 1 source
• nasdaq.comIMCD completes the acquisition of Signet Excipients Private Limited | NasdaqNov 4, 2020

Summarized from public sources; check the original articles before acting on it.