IMCD India to acquire two business lines from CJ Shah & Company

IMCD India signed an agreement to acquire two business lines from CJ Shah & Company for chemicals used in paints, coatings, adhesives and lifesciences. The businesses generated revenue of approximately INR 2,300 million (EUR 25 million) in FY2023. Closing is expected in Q4 2023.

“IMCD India has signed an agreement to acquire two business lines from CJ Shah & Company for Cellulose Acetate Butyrate, Coalescing Agent, Polyolefin Polymers, and other chemicals primarily for Paints, Coatings, Adhesives and Lifesciences applications.”globenewswire.com

• 2 sources
• globenewswire.comIMCD India to acquire two business lines from CJ Shah &IMCD N.V.Nov 13, 2023
• chemweek.mydigitalpublication.comChemical Week • December 4/11 • IMCD buys businesses from Indian distributorIan YoungDec 8, 2023

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