M&A Deal Summary

IMCD Acquires Matrix Ingredients Pte. - Food Distribution Business

On August 30, 2019, IMCD acquired distribution company Matrix Ingredients Pte. - Food Distribution Business from Matrix Ingredients Pte.

Acquisition Highlights
  • This is IMCD’s 8th transaction in the Distribution sector.
  • This is IMCD’s 2nd transaction in Singapore.

M&A Deal Summary

Date 2019-08-30
Target Matrix Ingredients Pte. - Food Distribution Business
Sector Distribution
Buyer(s) IMCD
Sellers(s) Matrix Ingredients Pte.
Deal Type Divestiture

Target

Matrix Ingredients Pte. - Food Distribution Business

Singapore, Singapore
Matrix Ingredients Pte. Ltd. - Food Distribution Business is a food distribution service provider.

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Buyer(S) 1

Buyer

IMCD

Rotterdam, Netherlands

Category Company
Founded 1995
Sector Chemicals
Employees4,736
Revenue 4.4B EUR (2023)
DESCRIPTION

IMCD is a marketing, sales and distribution of specialty chemicals and food- and pharma ingredients, with offices and warehouses in 31 countries in Europe, Africa and Australia/Asia. IMCD was founded in 1995 and is based in Rotterdam, the Netherlands.


DEAL STATS #
Overall 30 of 59
Sector (Distribution) 8 of 19
Type (Divestiture) 4 of 7
Country (Singapore) 2 of 2
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 Velox

Munich, Germany

Velox GmbH is a distributor with a focus on specialties for the plastics, composites, additives, rubber, paints and coatings industries. Velox was founded in 1993 and is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Monachem Specialities

Vadodara, India

Monachem Specialities LLP is an India based chemical company supplying "Made in India" specialty chemicals & innovative sourcing services to global buyers of specialty chemicals. Monachem LLP offers more than 1000+ specialty chemicals from 100+ Indian chemical factories & innovative sourcing services to global customers in more than 35 countries.

Buy -

Seller(S) 1

SELLER

Matrix Ingredients Pte.

Singapore, Singapore

Category Company
Founded 2002
Sector Food
Revenue 7M SGD (2018)
DESCRIPTION

Matrix Ingredients Pte. Ltd. provides ingredients, technical services, and formulation advice in the savoury and processed meat segment in both Singapore and Malaysia markets. Matrix Ingredients Pte. Ltd. was founded in 2002 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2019) 1 of 1