IMCD acquires speciality chemical distributor in Turkey

IMCD acquires speciality chemical distributor in Turkey

5:22 AM, 23rd December 2016
IMCD logo

ROTTERDAM, THE NETHERLANDS: IMCD NV said that it has acquired 100 percent of Feza Kimya ic ve Dis Ticaret Anonim Sirketi (Feza Kimya), based in Istanbul, Turkey. With a focus on the coatings and plastics markets, Feza Kimya perfectly complements the existing IMCD Turkey operations.

Feza Kimya, founded in 1959, is one of the leading market players in the technical sales, marketing and distribution of speciality chemicals and instruments in Turkey selling into the coatings, plastics, rubber, lubricants and detergents sectors. In 2015 Feza Kimya generated revenue of € 8 million with 23 employees.

“This acquisition will allow us to establish a market-leading organisation for the Turkish coatings industry and will also provide a platform to build a local application laboratory dedicated to coatings. This will ensure that we further develop our technical support for both our suppliers and customers in the Turkish region. In addition, the acquisition expands our operations into plastics: a key market in Turkey,” said Gokhan Oran, Managing Director IMCD Turkey.

“IMCD’s focus on providing innovative solutions and a high-quality service to its partners closely aligns with Feza Kimya’s values and strategy. We are delighted to become a part of the IMCD organisation and very much look forward to working together to create new development opportunities and to further enhance our offering to our existing and new partners,” added Mehmet Bozkurt, Managing Director of Feza Kimya.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Covestro, RWTH extend collaboration in catalysis research

LEVERKUSEN/ AACHEN, GERMANY: Covestro and RWTH Aachen University signed an agreement to extend their partnership in catalysis research. Under the agre ...

Read more
Chemical safety in the circular economy is ‘non-negotiable’

The European chemical industry supports the transition towards a circular economy as part of a strategy to make Europe more resource efficient. This c ...

Read more
US Appeals court affirms arbitration award to TerraVia by Roquette

SOUTH SAN FRANCISCO, US: TerraVia Holdings Inc declared that the US Court of Appeals for the Third Circuit (federal court) issued a decision in the ap ...

Read more
A greener option to petrochemicals

The natural resources for fuel generation are fast depleting giving rise to an urgent need to share the burden of global petrochemical demands with re ...

Read more
Shell completes sale of its Showa Shell shares to Idemitsu

THE HAGUE, NETHERLANDS: Shell has completed the sale of a 31.2 percent shareholding in Showa Shell Sekiyu K K to Idemitsu Kosan Co Ltd for a total amo ...

Read more
Linde, Praxair agree terms on 50-50 merger plan

MUNICH, GERMANY: Linde AG agreed on a non-binding term sheet with Praxair Inc, outlining the terms and condition of a potential merger of equals betwe ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X