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

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Americhem beats weather woes at start of 2014 for good fiscal year

November 26, 2014 9:45 am ET

Gains from the automotive and construction markets provided a strong fiscal 2014 for Americhem Inc.    More

Image

PE prices drop for first time in two years, PP down 5 cents

November 26, 2014 10:22 am ET

North American polyethylene buyers might want to circle November 2014 in red on their calendars — since PE prices this month have fallen for...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew plc...    More

Market Reports

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

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events