IMCD acquires specialty chemicals distributor Welex in China

IMCD N.V. signed an agreement to acquire 100% of Welex S.A. Holdings (China) Limited, a specialty chemicals distributor in China, for an undisclosed amount. Welex generated revenue of approximately HKD 322 million (ca. EUR 39 million) in 2021 and has 68 employees.

“The addition of Welex opens the door for us to diversify our coatings, paint and ink business, enter the fast-growing agrochemical market and develop into the highly valuable speciality compounding application.”globenewswire.com

• 1 source
• globenewswire.comIMCD China diversifies its business with the acquisition ofIMCD N.V.Jun 21, 2022

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