# 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.

- Type: Acquisition
- Announced: 2022-06-21
- Where: Hong Kong, Beijing, Shanghai, Guangzhou, Qingdao, China
- Status: announced
- Products: specialty chemicals, coatings and inks, textiles, additives for specialty compounding, agrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [IMCD](https://endata.com/companies/20622.md) (acquirer)
- [Welex S.A. Holdings (China) Limited](https://endata.com/companies/63603.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/06/21/2466545/0/en/imcd-china-diversifies-its-business-with-the-acquisition-of-welex.html), 2022-06-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.