IMCD to acquire Canadian distributor Lomas

By Simon Pitman

- Last updated on GMT

Related tags North america

IMCD to acquire Canadian distributor Lomas
Netherlands-based IMCD ingredients distributor IMCD has confirmed that it is set to acquire the Canadian distributor Lomas.

The two companies are both present in the ingredients and specialty chemicals areas, which means that IMCD will be able to significantly expand its footprint in both the Canadian and US markets.

IMCD acquired the business because it is an “excellent fit” with its own business model, with the benefits and synergies expected to have an immediate positive effect on the company’s bottom line.

Portfolio expansion and greater expertise

The combination of the resources will serve to give the combined customer base of the two businesses greater choice and a higher level of expertise, with the aim of also attracting new business.

“This is an important step in the further development of IMCD’s North America region as it not only expands our geographical presence into Canada in all core markets but also further strengthens our US organisation and coverage,”​ said Piet van der Slikke, CEO of IMCD.

The transaction will be paid for in available cash and banking facilities, with the transaction expected to complete by the end of August 2017.

Lomas in North America

Established in 1960, the Lomas business has six locations in the US and Canada, with a head office in Toronto. In 2016 it had a turnover of C$383 million and employed approximately 280 staff.

“IMCD will enhance our ability to provide our customers with a more extensive specialty product portfolio and will further develop our depth of technical expertise and innovation,” ​said Rand A. Lomas, Chairman of L.V. Lomas.

“Together we will become a market leader in North America for the sales, marketing and distribution of specialty chemicals and food and pharmaceutical ingredients”

Related news

Related products

show more

Exosomes: Passing Trend or Transformative Reality?

Exosomes: Passing Trend or Transformative Reality?

Content provided by Naolys | 26-Mar-2024 | White Paper

Exosomes, microscopic vesicles naturally present in abundance within Plant Cells, have garnered significant attention within the scientific and cosmetic...

How Nutricosmetics Can Enhance Skin Beauty

How Nutricosmetics Can Enhance Skin Beauty

Content provided by Activ'Inside | 11-Dec-2023 | White Paper

In the ever-evolving realm of nutricosmetics, where inner wellness meets outer beauty, few natural ingredients have captured the spotlight quite like grapes.

Ultimate Antimicrobial Solution for BPC

Ultimate Antimicrobial Solution for BPC

Content provided by Acme-Hardesty Company | 11-Oct-2023 | White Paper

Sharomix™ EG10, a versatile broad-spectrum antimicrobial liquid blend for preserving personal care products, ensures safety at usage levels ranging from...

Acme-Hardesty Expands Product Line into Canada

Acme-Hardesty Expands Product Line into Canada

Content provided by Acme-Hardesty Company | 07-Jul-2023 | Product Brochure

Acme-Hardesty’s latest expansion into Canada includes Resplanta®, Botaneco®, and BYK from our partners Sharon Personal Care and Eckart Effect Pigments...

Related suppliers