IMCD India to acquire speciality chemical distributor Parkash DyeChem
ROTTERDAM, The Netherlands (21 November 2022) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, today announces that it has signed an agreement to acquire 100% of the shares of Parkash DyeChem Private Limited (“Parkash DyeChem”), one of India’s leading distributors of speciality chemicals for construction and printing inks.
Established in 1988 and headquartered in Delhi, India, Parkash DyeChem is an asset-light speciality chemical distributor serving the coatings and construction segments (e.g. construction chemicals, printing inks, paints and coatings) as well as personal care and advanced materials markets. With around 60 employees, Parkash DyeChem generated a revenue of approximately INR 2,5 billion (ca. EUR 30 million) in the financial year that ended on March 31, 2022. The company represents leading global suppliers and serves a large group of customers with an extensive portfolio of products alongside commercial and technical support.
“India is experiencing significant growth opportunities in building structures as well as in printing inks and packaging with an emerging demand for sustainable solutions. Joining forces with Parkash DyeChem, a leader in distribution of speciality chemicals to these industries, will expand IMCD’s footprint and help us improve our market position,” said Frank Schneider, Business Group Director IMCD Coatings & Construction.
“We are delighted to become a strategic addition to IMCD India, with their strong global presence in speciality chemicals and similar mindset it perfectly synergises with Parkash DyeChem” said Naresh Arora, Founder of Parkash DyeChem. “The combination of IMCD and Parkash DyeChem is an exciting opportunity to reshape the coatings and construction, personal care and advanced materials industries in a manner that will be beneficial for our customers and global partners,” said Chirag Arora, Director of Parkash DyeChem.
The closing of the transaction is subject to customary closing conditions and is expected to take place in December 2022.
Attached, is the full press release in pdf format, the main visual, and the photo caption.
Attachments
- main visual_IMCD India to acquire speciality chemical distributor Parkash DyeChem
- Photo caption_IMCD India to acquire speciality chemical distributor Parkash DyeChem
- Press release_IMCD India to acquire speciality chemical distributor Parkash DyeChem
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Mendus presenterar positiva överlevnadsdata från fas 2-studien ADVANCE II som utvärderar vididencel som underhållsbehandling vid AML vid ASH-konferensen11.12.2023 19:30:00 CET | Pressemelding
Pressmeddelande Stockholm, 11 december 2023 Per den 24 november 2023 var återfallsfri medianöverlevnad (mRFS) 30,4 månader Medianen för totalöverlevnad (mOS) hade inte ännu inte uppnåtts, med majoriteten av patienterna (14/20) fortfarande i livet Minskning av mätbar av mätbar restsjukdom (MRD) och induktion av immunsvar korrelerar med fördelar för RFS och OS, vilket bekräftar vididencels verkningsmekanism Virtuellt Key Opinion Leader-event (KOL) med huvudprövare för att diskutera nya ASH-data torsdagen den 14 december 2023 kl. 15.00 CET, anmäl här Mendus AB (“Mendus” publ; IMMU. ST), ett biofarmabolag med fokus på immunterapier riktade mot tumöråterfall, presenterade idag positiva uppdaterade överlevnadsdata från fas 2-studien ADVANCE II som utvärderar vididencel (DCP-001) vid akut myeloid leukemi (AML), vid konferensen American Society of Hematology’s Annual Meeting (ASH 2023). Data från långtidsuppföljningen visade varaktiga behandlingssvar med överlevnadsnytta som överstiger histori
Mendus announces positive survival data from Phase 2 ADVANCE II trial evaluating vididencel as maintenance therapy for AML at ASH 202311.12.2023 19:30:00 CET | Press release
Press Release Stockholm, Sweden, December 11, 2023 As of November 24, 2023, median relapse-free survival (mRFS) stood at 30.4 months Median overall survival (mOS) was not reached, with the majority of patients (14/20) still alive Reduction in measurable residual disease (MRD) and induction of immune responses correlate with RFS and OS benefit, confirming vididencel mechanism of action Virtual KOL event with principal investigator to discuss new ASH data on Thursday, December 14, 2023, at 9.00 am ET/3.00 pm CET; register HERE Mendus AB (“Mendus” publ; IMMU.ST), a biopharmaceutical company focused on immunotherapies addressing tumor recurrence, today announced positive updated survival data from the Phase 2 ADVANCE II trial evaluating vididencel (DCP-001) in acute myeloid leukemia (AML) at the American Society of Hematology’s 65th Annual Meeting (ASH 2023). The longer-term follow up data showed durable treatment responses with survival benefit exceeding historical results expected from t
Harbert Management Corporation included in 2023 Pensions & Investments Best Places to Work in Money Management11.12.2023 19:28:04 CET | Press release
BIRMINGHAM, Ala., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbert Management Corporation (“HMC”) has been voted one of the Best Places to Work in Money Management for the fifth year in a row. Presented by Pensions & Investments, the global news source of money management and institutional investing, the 12th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry. HMC prides itself on its history of managing the firm and investment strategies with the utmost integrity. For 30 years HMC has been devoted to investing capital in a responsible manner. We are committed to corporate social responsibility and engaging our employees and stakeholders to pursue opportunities that make positive and long-lasting impacts. Investment excellence, transparency with our clients, and exemplary Fund Administration are the hallmarks of HMC’s commitment to investors. “Pensions & Investments is proud to honor the Best Places to Work in
Holding(s) in Company11.12.2023 18:11:50 CET | Press release
TORONTO, Canada, Dec. 11, 2023 (GLOBE NEWSWIRE) -- TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:Amaroq Minerals Ltd.1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)Non-UK issuerX2. Reason for the notification (please mark the appropriate box or boxes with an “X”)An acquisition or disposal of voting rightsXAn acquisition or disposal of financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Details of person subject to the notification obligationNameAkta sjóðir hf., an alternative investment fund manager and a UCITC management company, acting on behalf of funds operated by the company.City and country of registered office (if applicable)Reykjavík, Iceland4. Full name of sha
Carbios praised by French President at two-year anniversary of France 203011.12.2023 18:00:00 CET | Press release
PRESS RELEASE Carbios praised by French President at two-year anniversary of France 2030 Clermont-Ferrand (France), December 11, 2023 (6:00 PM CET). Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, was one of eight beneficiaries selected to present the progress of its industrial project in the presence of the President of the French Republic on the occasion of the two-year anniversary of the launch of the France 2030 investment plan. Carbios is receiving €42.5 million in public funding (€30 million from the State as part of France 2030 and €12.5 million from the Grand-Est Region) for the construction of the world's first plant for the enzymatic depolymerization of PET. Carbios is an emblematic example of the France 2030 initiative to support innovative projects that contribute to reindustrialization through innovation in strategic sectors, such as recycling. This pla