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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

BP to restart damaged PTA unit in limited capacity by November

September 19, 2014 10:27 am ET

British Petroleum plc may restart its fire-damaged purified terephthalic acid (PTA) feedstock unit in South Carolina in late October or early November...    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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events