IMCD to buy specialty chemicals and ingredients distributor LV Lomas
Netherlands-based distributor of speciality chemicals and ingredients IMCD is set to purchase Canadian and US speciality chemicals and ingredients distributor LV Lomas.
With offices in Toronto, Montreal, and Vancouver, LV Lomas will enable IMCD to increase its presence in Canada and improve its position in the US.
IMCD CEO Piet van der Slikke said: “This is an important step in the further development of IMCD’s North America region as it not only expands our geographical presence into Canada in all core markets but also further strengthens our US organisation and coverage.”
LV Lomas chairman Rand A. Lomas said: “IMCD will enhance our ability to provide our customers with a more extensive speciality product portfolio and will further develop our depth of technical expertise and innovation. My family built LV Lomas over several decades into an organisation driven by teamwork, innovation, and a dedication to excellence in all that we do.
"This is a vision closely shared by IMCD and together we will become a market leader in North America for the sales, marketing and distribution of speciality chemicals and food and pharmaceutical ingredients.”
The deal is expected to close at the end of this month. It is subject to customary regulatory review.
Based in Rotterdam, the Netherlands, IMCD had a turnover of €1.75n in 2016 and employs over 1,800 people in over 40 countries.