IMCD to acquire TECOM Ingredients to strengthen its offering in the food & nutrition market in Spain

Core Insights - IMCD N.V. has signed an agreement to acquire 100% of the shares in TECOM Ingredients S.A. [1] - The acquisition aims to enhance IMCD's presence in the Iberian market and expand its portfolio with complementary ingredients [3] Company Overview - IMCD is a global leader in the distribution and formulation of specialty chemicals and ingredients, headquartered in Rotterdam, The Netherlands [4] - In 2024, IMCD reported revenues of EUR 4,728 million and employed over 5,100 staff [5] TECOM Overview - TECOM, founded in 1996 and based in Molins de Rei, Spain, is a recognized distributor of ingredients and additives for the food industry, with annual revenues of approximately EUR 18 million in 2024 [2][3] - The company specializes in various applications, including savory, bakery, dairy, and health and nutrition products [2] Strategic Implications - The acquisition is expected to open new avenues for growth and enhance value for customers by combining the expertise of both companies [3] - The transaction is subject to customary closing conditions and is anticipated to close in the second quarter of 2025 [3]