The acquisition will allow IMCD to strengthen its industrial footprint of specialty chemicals in Japan.
The distributor of specialty chemicals and ingredients IMCD has recently announced that its subsidiary IMCD Japan had acquired all the shares of Kuni Chemical Co., Ltd.
Founded in 1997, Kuni Chemical is a Japanese company based on Osaka with almost thirty employees specialised in raw materials for coatings and packaging aimed at the automotive and construction sectors. It has generated a revenue of approximately JPY 2,500 million (ca. €18 million) in 2021 alone.
“IMCD Japan was established as a greenfield in 2016, and this acquisition marks a major milestone as we continue to grow in the country. Kuni Chemical adds a new business segment to IMCD with an entry into the Japanese coatings and construction markets and also complements the portfolio of our Advanced Materials business,” has stated Shunsaku Kubo, the managing director of IMCD Japan.
“We are delighted to join IMCD as we see a good fit between our culture and business model. I’m confident our customers and partners will benefit from IMCD’s global network and expertise,” has declared Kengo Matsubara, the president of Kuni Chemical.