IMCD N.V, a leading distributor of speciality chemicals and food ingredients, announces that it has successfully completed the full integration of VELOX GmbH’s business into IMCD.
All Velox operations are now integrated into the eleven European territories of IMCD. The majority of the business was integrated into IMCD Business Group Advanced Materials and partially into IMCD Business Group Coatings & Construction.
Olivier Champault, Director of IMCD Advanced Materials comments, “This acquisition has strengthened our leading position in speciality additives and has expanded our presence in thermoplastics, composites and rubber markets. The VELOX portfolio complements our historical offerings and services to our partners throughout Europe.”
Director of IMCD Coatings and Construction, Frank Schneider adds, “Velox and IMCD teams share the same business principles and values. With the passion and dedication of our people, we are certain that we will continue to deliver operational excellence and quality.’’