IMCD to acquire Shanghai Yuanhe Chemicals.

IMCD, a distributor of speciality chemicals and ingredients, agreed to acquire Shanghai Yuanhe Chemicals, a specialty coatings, textile, and ink solution distributor for the China market. Financial terms were not disclosed. "We are excited to join IMCD to make a difference in the marketplace of coatings, textile and ink solutions through technical expertise and global connections. With IMCD’s reputation for professionalism and industry focus, plus Yuanhe’s strong local presence and customer base, we will create many more opportunities for our loyal customers and principal partners. We look forward to the integration with IMCD," Sherry Li, Yuanhe Managing Director.