ANTWERP: Azelis (AZE), a leading global innovation service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire the distribution business of DBH Osthandelsgesellschaft mbH (DBH), a specialty chemicals distributor focused on AM&A (Advanced Materials & Additives) in Germany and Central & Eastern Europe (CEE). The transaction is expected to…
ROTTERDAM: IMCD N.V. announced that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. to expand its food and nutrition business and product portfolio. “The addition of Joli Foods’ distribution business to IMCD Colombia’s food and nutrition portfolio is an exciting new development in our company’s growth history,” said…
LONDON, UK: discoverIE Group plc announced the sale of its 100% owned South African distribution business, Vertec Scientific SA Proprietary Limited. discoverIE is a leading international designer, manufacturer and supplier of customised electronics to industry. Vertec SA, which is part of the Custom Supply division, is an importer and supplier of medical equipment and related…
LONDON, UK: Venture Life Group has acquired PharmaSource BV, a Netherlands based development and distribution business, for an initial consideration of €5.23 million and deferred contingent consideration of up to €1.27 million. Venture Life agreed to acquire the entire issued share capital of PharmaSource BV for an initial consideration of €5.23 million, and deferred contingent…
LONDON: Inchcape plc has agreed to acquire Autolider, a distributor of Daimler brands, for £47 million. The enterprise value of £47 million represents a multiple of c.8.5x on 2018 EBIT. Completion is expected in Q4 and will therefore contribute minimal profit to FY19. Inchcape is the leading independent multi-brand Automotive distributor with global scale, and…