IMCD announced that it signed an agreement to acquire 100% of the shares of the specialty distribution company Brylchem Pte and the business of Chemipac Pte and CMS Marketing Trading Co. in Vietnam (jointly known as Brylchem Group).
Brylchem Group offers products in the coatings, construction, advanced materials, agrochemical, home care and industrial cleaning, feed and veterinary and lubricants industries for the Singapore and Vietnam markets.
“This is a momentous milestone with it being the first acquisition for Vietnam and a vital opportunity for our business expansion into new markets for both countries,” said Daan Roebbers, regional director of Expansion, Strategy, and Digitalization, IMCD APAC.
The company says the transaction is expected to close in the fourth quarter of 2023.