IMCD expands down under: Acquires ResChem Technologies to bolster position in speciality chemicals

In a strategic move that underscores the dynamic evolution of the global speciality chemicals and ingredients sector, IMCD N.V., a prominent distribution partner and formulator, has announced its agreement to acquire ResChem Technologies Pty Ltd and ResChem Trust. This acquisition not only extends IMCD’s footprint but also enhances its technical prowess within Australia and New Zealand, marking a significant leap in its growth trajectory.

ResChem Technologies, established in 2007, has carved a niche in the supply of resins, additives, and pigments, catering to the coatings, adhesives, and construction industries. This acquisition by IMCD is not merely a testament to ResChem’s robust portfolio and market presence but also aligns with IMCD’s strategy to deepen its technical expertise and market reach. Headquartered in Sydney, ResChem brings to the table an impressive revenue of approximately AUD 25 million (EUR 15 million) in 2023, backed by a team of 15 employees and an application laboratory that promises to further IMCD’s innovation capabilities.

Frank Schneider, Global Business Group Director, Coatings & Construction at IMCD, highlighted the strategic alignment with the coatings industry’s growth trajectory in Australia and New Zealand. This merger enables IMCD to harness ResChem’s complementary portfolio and technical expertise, thereby offering innovative and sustainable solutions in the local markets.

Bruce Forder, Managing Director of ResChem Technologies, echoed the sentiment, emphasizing the enhanced opportunities this merger creates for employees, customers, and suppliers alike. The integration into IMCD’s global network signifies not only an expansion of service offerings but also an improvement in the quality of service ResChem’s clients have come to expect.

Slated for completion in the second quarter of 2024, this acquisition is subject to customary closing conditions. This merger not only signifies IMCD’s commitment to expanding its global footprint but also underscores the potential for growth and innovation within the speciality chemicals and ingredients sector. By joining forces, IMCD and ResChem are set to redefine the landscape of chemical distribution in Australia, New Zealand, and beyond, promising an era of enhanced product offerings and technical services tailored to meet the evolving needs of the market.