IMCD Acquires South African Distributor Siyeza
9th September 2020
IMCD, a Dutch specialty chemicals and ingredients distributor, has entered into an agreement to take over South Africa’s Siyeza Fine Chem Propriety. Financial terms of the transaction, which is expected to close in December, were not disclosed.
Based in Johannesburg, Siyeza is a leading distributor of specialty chemical ingredients for the country’s pharmaceutical, veterinary, food and personal care industries. The distributor has 27 employees and generated revenues of €11.7 million in 2019.
Ryan Harrison, managing director IMCD South Africa, said the acquisition solidifies IMCD’s pharmaceuticals business and places the company “in an ideal position to keep supporting our suppliers’ growth and continue offering solutions to our customers.”
Just two weeks prior to the Siyeza announcement, IMCD revealed that it had bought Brazilian specialty ingredient distributor VitaQualy Comércio de Ingredientes.
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