IMCD completes acquisition US-based MF Cachat

IMCD completes acquisition of US-based MF Cachat

12:03 PM, 24th June 2015
IMCD completes acquisition of US-based MF Cachat

ROTTERDAM, THE NETHERLANDS: IMCD NV said that it has successfully completed the acquisition of 80 percent of The MF Cachat Company, including 100 percent of MJS Sales Inc (MF Cachat).

MF Cachat fits well with the IMCD business model and strategy and provides a significant platform for further growth in the US which is a growing specialty chemicals region.

MF Cachat is a leading specialty chemicals distributor in the US with a focus on coatings, construction, plastics, advanced materials and food. With its head office near Cleveland, Ohio, MF Cachat is active in the Midwest, Central, Eastern and Southern regions of the US and represents leading global chemical suppliers in more than 30 states. In 2014, MF Cachat generated revenue of $300 million (including $3 million of MJS Sales) and has approximately 90 employees.

The acquisition supports the strategy of IMCD to become a leading global specialty chemicals distributor, it said. MF Cachat and IMCD will explore opportunities for synergies by offering both companies’ suppliers the possibilities to benefit from each other’s network. In addition it will offer further growth opportunities in the North American market, both organically and through acquisitions, IMCD said.

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