IMCD expands presence in Southeast Asia with acquisition of Brylchem Group

AMSTERDAM: IMCD N.V. , a global leader in the distribution, formulation, and provision of specialty chemicals and ingredients, has announced its agreement to acquire 100% of the shares of Brylchem Pte Ltd, Chemipac Pte Ltd, and CMS Marketing Trading Co., Ltd in Vietnam, collectively known as the Brylchem Group.

This strategic acquisition further strengthens IMCD’s position as a leading distribution partner and expands its foothold in the Singaporean and Vietnamese markets.

Founded in 1992 in Singapore, Brylchem Group has established itself as a specialized distributor in various industries, including coatings, construction, advanced materials, agrochemical, home care and industrial cleaning, feed and veterinary, and lubricants.

The company represents renowned global suppliers and offers a diverse portfolio of products, complemented by its technical and commercial expertise. With approximately 50 employees in Singapore and Vietnam, Brylchem Group achieved a revenue of approximately SGD 85 million (ca. EUR 58 million) in 2022.

Daan Roebbers, Regional Director of Expansion, Strategy, and Digitalisation at IMCD APAC, highlighted the significance of this acquisition in expanding IMCD’s presence in the dynamic and thriving Singaporean and Vietnamese markets. He expressed that the acquisition of Brylchem Group represents a milestone for IMCD, marking its first entry into Vietnam and opening new market opportunities for both countries.

Tan Seng Kung, Founder and Managing Director of Brylchem Group, expressed his satisfaction in finding the right partner to continue the legacy of the company. With more than three decades of dedication and passion, he believes that IMCD will lead the team to new heights.

The transaction is expected to be completed in the fourth quarter of 2023, subject to customary closing conditions. IMCD’s expansion into Southeast Asia through the acquisition of Brylchem Group demonstrates its commitment to strategic growth and reinforces its position as a global leader in the specialty chemicals and ingredients distribution industry.

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