IMCD Italy, a subsidiary of the leading specialty chemicals and ingredients distributor IMCD N.V., has announced its agreement to acquire Selechimica S.R.L., a prominent player in the Italian pharmaceutical distribution market. Based in Milan, Selechimica specializes in the distribution of Active Pharmaceutical Ingredients (APIs) and boasts a comprehensive portfolio and strong industry connections. The acquisition, set to close by the end of June 2024 subject to standard conditions, is projected to significantly bolster IMCD Italy’s presence in the Italian API market. Selechimica, with an annual revenue of approximately EUR 5 million and a team of 3 employees, is expected to benefit from IMCD’s vast resources and industry expertise. Leaders from both companies express optimism about the growth and collaborative potential this transaction offers.

Pharmaceuticals, Specialty Chemicals, Distribution,Italy, Netherlands

https://www.globenewswire.com/news-release/2024/06/10/2895719/0/en/IMCD-Italy-expands-its-Pharmaceuticals-presence-with-the-acquisition-of-Selechimica.html