IMCD enhances its market presence in India with the acquisition of Valuetree, bolstering growth in the beauty and personal care market
10 Gennaio 2024 - 7:00AM
IMCD enhances its market presence in India with the acquisition of
Valuetree, bolstering growth in the beauty and personal care market
ROTTERDAM, The Netherlands (10 January 2024) – IMCD
N.V. ("IMCD" or "Company"), a global leading distribution partner,
and formulator of speciality chemicals and ingredients, today
announces the acquisition of 70% of Valuetree Ingredients Private
Limited (“Valuetree”) to expand its beauty and personal care
footprint in India.
Founded in 2005, Valuetree, is a prominent ingredient supplier
to the beauty and personal care market. It provides an extensive
portfolio of specialty ingredients and through an in-house
application laboratory, offers formulation and technical support to
its customers. Valuetree employs a team of 44 employees and
generated a revenue of approximately INR 4.4 billion (ca. EUR 48
million) in the financial year that ended on March 31, 2023.
“As the beauty and personal care market in India continues to
experience double-digit growth, acquiring Valuetree perfectly fits
in our global strategy, it significantly enhances our capabilities
and enriches our product portfolio. It further enhances our
position as a leading solution provider in India,” said Narendra
Varde, Managing Director, IMCD India & Bangladesh.
“In a market dominated by large players, and now witnessing the
emergence of direct to consumer (D2C) brands, our focus has been on
customer centricity and providing innovative solutions. We are
delighted that IMCD has partnered with us in Valuetree’s next phase
of growth,” affirmed, Shailesh Karwa & Sharad Dalmia,
co-founders of Valuetree, in a joint statement.
The transaction will take place in two tranches, with IMCD now
acquiring 70% of the share capital from the founders and the
remaining 30% to be acquired in 2025. The founders of Valuetree
will continue to lead the company post-completion of this first
tranche.
Attached, please find the full press release in PDF format, the
main visual and the photo caption.
- Photo caption_IMCD enhances its market presence in India with
the acquisition of Valuetree, bolstering growth in the beauty and
personal care market
- Main image_IMCD enhances its market presence in India with the
acquisition of Valuetree, bolstering growth in the beauty and
personal care market_
- Press Release_IMCD enhances its market presence in India with
the acquisition of Valuetree, bolstering growth in the beauty and
personal care market
Grafico Azioni IMCD NV (EU:IMCD)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni IMCD NV (EU:IMCD)
Storico
Da Dic 2023 a Dic 2024
