Announced
Completed
Synopsis
IMCD, a distributor of specialty chemicals and food ingredients, completed the acquisition of Feza Kimya, a Turkish chemical firm. Financial terms were not disclosed. "With a highly-acclaimed reputation, long-term supplier partnerships and dedicated sales team, Feza Kimya is an excellent fit with IMCD. This acquisition will allow us to establish a market-leading organisation for the Turkish coatings industry and will also provide a platform to build a local application laboratory dedicated to coatings. This will ensure that we further develop our technical support for both our suppliers and customers in the Turkish region. In addition, the acquisition expands our operations into plastics: a key market in Turkey,” Gokhan Oran, IMCD Turkey Managing Director.
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