IMCD China acquire speciality distribution company Welex

IMCD China to acquire speciality distribution company Welex

6:12 AM, 23rd June 2022
IMCD China to acquire speciality distribution company Welex
IMCD NV will acquire the speciality distribution company Welex SA Holdings (China) Limited and certain related business. Welex focuses on industries covering coatings and inks, textiles, additives for speciality compounding and agrochemicals.

ROTTERDAM, THE NETHERLANDS: IMCD NV announced that it will acquire 100 percent shares of the speciality distribution company, Welex SA Holdings (China) Limited and certain related business. Welex represents a wide range of leading global suppliers providing its customers with an extensive portfolio backed by technical and logistical services. Welex focuses on industries covering coatings and inks, textiles, additives for speciality compounding and agrochemicals. Welex generated a revenue of approximately HKD 322 million (EUR 39 million) in 2021 and has 68 employees in Hong Kong, Beijing, Shanghai, Guangzhou, and Qingdao offices. The closing of the transaction is expected to take place at the earliest of 31 October.

Welex adds a coatings and agrochemicals application laboratory to IMCD’s global network of technical centres.

“The addition of Welex opens the door for us to diversify our coatings, paint and ink business, enter the fast-growing agrochemical market and develop into the highly valuable speciality compounding application. In particular, we gain the geographical expansion across China with a strong presence in the Southern part,” said Andreas Igerl, managing director, IMCD China.

“Having established Welex for almost three decades, my team and I have witnessed the changes in the manufacturing industry of South China and the overall development of the country,” said Tony Leung, managing director of Welex.


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