IMCD Expands Its Market Reach with Strategic Tillmanns Acquisition
IMCD's Strategic Acquisition of Tillmanns
IMCD N.V. has announced a significant step towards expanding its operations by acquiring 100% of the shares of Tillmanns S.p.A. This acquisition is set to augment IMCD's influence in the specialty chemicals distribution sector, particularly in Italy.
About Tillmanns S.p.A.
Founded in 1940 and based in Milan, Tillmanns has made a name for itself as a reputable distributor of specialty chemicals. The company caters to various sectors including coatings, construction, food and nutrition, and water treatment. With a dedicated team of 78 skilled professionals, Tillmanns is well-equipped to meet the specific needs of its clientele.
Financial Performance and Market Position
In 2024, Tillmanns reported impressive revenues of approximately EUR 143 million, reflecting its robust market presence. The company has established strong relationships with global suppliers and maintains a loyal customer base due to its commitment to quality and service.
Alignment with IMCD's Growth Strategy
The acquisition not only serves to broaden IMCD's market footprint but also opens avenues for growth in both industrial and food sectors. By integrating Tillmanns’s exclusive partnerships and premium product offerings, IMCD aims to deliver enhanced solutions for customers and suppliers alike.
Leadership Perspectives
Marcus Jordan, CEO of IMCD, expressed enthusiasm about this acquisition: "This is a great step forward in strengthening our footprint in Italy. Tillmanns brings deep local expertise and a loyal customer base, creating a formidable platform for our partners and teams in Italy."
Anticipated Outcomes of the Acquisition
This transition is expected to occur in the fourth quarter of 2025, pending regulatory approvals. The synergy between Tillmanns and IMCD will enhance IMCD’s capabilities in providing tailored solutions and technical support to meet evolving market demands.
IMCD: A Leading Global Partner
IMCD, headquartered in Rotterdam, the Netherlands, stands at the forefront of specialty chemicals and ingredient distribution. With over 5,100 employees, IMCD reported revenues of EUR 4,728 million in 2024, reflecting its growth trajectory and commitment to excellence.
Contact Information
For further inquiries regarding this acquisition, please contact:
Media Contact:
Muriel Werlé
Corporate Communications Director
+31 10 290 86 14
mediarelations@imcdgroup.com
Investor Relations Contact:
Tosca Holtland
Head of Investor Relations
+31 10 290 86 53
ir@imcdgroup.com
Frequently Asked Questions
What is the significance of IMCD acquiring Tillmanns?
This acquisition enhances IMCD's presence in Italy and strengthens its capabilities in specialty chemicals.
When is the acquisition expected to close?
The acquisition is anticipated to close in the fourth quarter of 2025, subject to regulatory approval.
What markets does Tillmanns operate in?
Tillmanns operates in coatings, construction, food & nutrition, and water treatment markets.
How will this acquisition benefit IMCD?
It will provide increased market presence, growth opportunities, and enhanced product offerings to IMCD’s customer base.
Who is the CEO of IMCD, and what did he say about the acquisition?
Marcus Jordan is the CEO of IMCD. He emphasized the added value Tillmanns brings through local expertise and a loyal customer base.
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