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IMCD Benelux expands its Beauty & Personal Care presence with the acquisition of Gova Ingredients

Mar 27, 2024•over 1 year ago

Acquiring Company

IMCD N.V

Acquired Company

Gova Ingredients

BarcelonaHoogerheideChemical ManufacturingCosmeticsBeauty

Description

IMCD Benelux, a leading distributor of specialty chemicals and ingredients, has acquired Gova Ingredients, a prominent distributor for the beauty and personal care market in the Benelux. This acquisition further strengthens IMCD Benelux's position in the market and enhances its product portfolio, aiming to provide enhanced support and business opportunities for its valued suppliers and customers.

Company Information

Company

IMCD N.V

Location

Barcelona, Catalonia, Spain

About

IMCD N.V. is a global leading distribution partner and formulator of specialty chemicals and ingredients. The company is focused on strengthening its life science business and has signed an agreement to acquire the business of Daoqin Biological Technology (Shanghai) Co., Ltd., Longyu International Trade (Shanghai) Co., Ltd. and Long’en Biotechnology (Guangzhou) Co., Ltd. in China. The acquisition aims to broaden the scope of IMCD's life science business portfolio and deepen its presence in the food and nutrition markets.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed