Netherlands-based distributor of speciality chemicals and ingredients IMCD is ready to buy Canadian and U.S.A. speciality chemicals and ingredients distributor LV Lomas.
“With offices in Totonto, Canada, Montreal, and Vancouver, LV Lomas can modify IMCD to extend its presence in canada and improve its position within the U.S.A.”
IMCD chief executive officer Piet van der Slikke said: “This is a very important step within the additional development of IMCD’s North America region may not solely expands our geographical presence into canada altogether core markets however also additional strengthens our U.S.A. organisation and coverage.”
LV Lomas chairman Rand A. Lomas said: “IMCD can enhance our ability to produce our customers with a a lot of in depth speciality product portfolio and can additional develop our depth of technical experience and innovation. My family built LV Lomas over some decades into an organisation driven by team and there hard-work, innovation, and a dedication to excellence altogether that we tend to do.
“This may be a vision closely shared by IMCD and along we are willing to become a leader in North America market for the promoting, sales and distribution of speciality chemicals and food and pharmaceutical ingredients.”
The deal is predicted to shut at the last of this month. it’s subject to customary regulative review.