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
Companies & Associations

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

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events