AMSTERDAM: IMCD N.V., a global leading partner for the distribution and formulation of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares in TECOM Ingredients S.A..
Founded in 1996 and headquartered in Molins de Rei, near Barcelona, Spain, TECOM is a recognised distributor of ingredients and additives to the food industry.
The company is a trusted partner for customers active in the food and nutrition market in Iberia, developing innovative, high-quality solutions across a wide spectrum of applications, including savoury, bakery and pastry, dairy and plant-based beverages, confectionery, meat and ready meals, as well as health and nutrition.
With a team of 16 employees, TECOM reported annual revenues of ca. EUR 18 million in the financial year 2024.
“This acquisition enhances our presence in Iberia and expands our portfolio with ingredients that are highly complementary to our current offering,” said José Alcover, Managing Director of IMCD Iberia & Maghreb. “We’re thrilled to welcome a talented team with deep expertise in market-specific food applications.”
Sixto Yañez, Commercial Director and Co-Founder of TECOM, commented: “Joining IMCD marks an exciting new phase in our journey. We are bringing together two companies that share a strong culture of innovation, service, and long-term partnerships. This step opens up new avenues for growth and will allow us to offer even greater value to our customers.”
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.