IMCD completes the acquisition of Monachem Additives.

IMCD, a distributor of specialty chemicals and food ingredients completes the acquisition of Monachem Additives, a supplier and seller of specialty chemicals products, in particular for the plastics industry. and Addpol Chemspecialities, a subsidiary of Monachem. Financial terms were not disclosed. The acquisition is paid from available cash and existing facilities. “This acquisition fits perfectly in our continuous efforts to build and establish IMCD’s position in the Advanced Materials segment in India, a very promising market to support our expansion and ambition in Asia. Both companies, have a strong track record in offering specialty products and technical expertise which is very much aligned with IMCD practices.’’ Olivier Champault, IMCD Director.