IMCD enters Israeli industrial market with the acquisition of KOI Products Solutions
05 Maggio 2023 - 7:00AM
IMCD enters Israeli industrial market with the acquisition of KOI
Products Solutions
ROTTERDAM, The Netherlands (5 May 2023) –
“IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces that it has
signed an agreement to acquire 100% of the shares of KOI Products
Solutions and Engineering Ltd (“KOI Products Solutions”).
Founded in 1986, KOI Products Solutions has
developed long-standing partnerships with some of the world’s
leading suppliers of specialty products and predominantly serves
the composite, paint, cosmetics, coatings, and ink markets. The
company, based in Petach Tikva, Israel, generated a revenue of
above EUR 8 million in financial year 2022 and adds 13
employees to the IMCD Israel team.
“The acquisition of KOI Products Solutions
represents another important step into the expansion of our
industrial business in Israel. KOI’s Products Solutions’
established supplier and customer base in Advanced Composites and
Coatings, their deep understanding of the local market and strong
team, make them an excellent fit for IMCD. We are very glad to
welcome KOI Products Solutions to our company and look forward to
working together to deliver even greater value to our customers,”
commented Frank Schneider, Member of IMCD Group Executive Committee
and Business Group Director IMCD Coatings & Construction.
“KOI Products Solutions is honored to become part of IMCD in
Israel. We are confident that by combining IMCD’s experience,
know-how, line of products and approach with KOI Products
Solutions’ strong and faithful suppliers, customers, and employees,
it will position IMCD & KOI Product Solutions as one of the
leaders in our unique market. We are very excited and fully
committed to fulfilling our joint vision by delivering a
better value to our partners,” said Erez Harpaz, Chairman of KOI
Products Solutions and Danny Kaplan, CEO of KOI Products
Solutions.
The closing of the transaction is subject to customary closing
conditions and is expected to take place in June 2023.
Attached, the full press release in pdf format, the main visual
and the photo caption.
- main visual
- Photo caption_IMCD enters Israeli industrial market with the
acquisition of KOI Products Solutions
- PR_IMCD enters Israeli industrial market with the acquisition
of KOI Products Solutions
Grafico Azioni IMCD NV (EU:IMCD)
Storico
Da Dic 2024 a Dic 2024
Grafico Azioni IMCD NV (EU:IMCD)
Storico
Da Dic 2023 a Dic 2024
