Dutch firm IMCD buys Singapore-based resin distributor

By Frank Esposito
Senior Staff Reporter

Published: August 20, 2013 1:34 pm ET
Updated: August 20, 2013 1:51 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

Dutch distribution firm IMCD Group BV has bought resin distributor Paceco Industrial Supplies Pte. Ltd. of Singapore for an undisclosed price.

The acquisition demonstrates the importance of China and Southeast Asia in IMCD’s growth and development strategy, officials said in an Aug. 19 news release.

“This new deal will greatly complement our plastics business in China and will provide a platform for further expansion in Southeast Asia,” IMCD Asia vice president Albert Stevens said in the release.

Paceco distributes engineering and specialty resins from locations in Singapore, Malaysia and China. The firm employs 28 and serves numerous markets, including consumer goods, toys and automotive. Paceco co-founder George Chong will remain as the unit’s managing director.

IMCD — based in Rotterdam, the Netherlands — is a major distributor of specialty chemicals and food ingredients. The firm employs more than 1,200 worldwide and has annual sales of about $1.8 billion.

 


Comments

Dutch firm IMCD buys Singapore-based resin distributor

By Frank Esposito
Senior Staff Reporter

Published: August 20, 2013 1:34 pm ET
Updated: August 20, 2013 1:51 pm ET

Post Your Comments


Back to story


More stories

Image

Hedging can slow the resin rollercoaster

April 17, 2014 3:00 pm ET

The good old days — if they even ever existed — are gone, and.Andy VanPutte thinks volatility in the resin market is here to stay and...    More

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe...    More

Proposed Shell project draws more than 1,000 to informational meetings

April 17, 2014 2:03 pm ET

More than 1,000 people attended a pair of public meetings hosted by Shell Chemical LP on April 16 to discuss the possibility of building a major...    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United States”...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events