Netherlands-based IMCD N.V., a distributor of specialty chemicals and food ingredients, has announced that it has successfully completed the acquisition of 100 percent of the outstanding shares of U.S. specialty chemicals distributor E.T. Company (HORN).
According to the company, HORN is an excellent fit with IMCD’s U.S. activities and supports the strategy of offering to its suppliers and customers an organization with national U.S. coverage and dedicated segment expertise.
HORN was established in 1961 and is a specialty chemicals distributor in the U.S. with focus on coatings, construction, plastics, personal care, human and food nutrition, animal nutrition, nutraceuticals and other specialties. With a head office in La Mirada, CA, HORN represents leading suppliers and is primarily focused on the West and Southwest regions of the U.S. In 2017, HORN generated revenue of $276 million (U.S.), a normalized EBITDA (earnings before taxes, depreciation and amortization) of $12 million (U.S.) and has approximately 200 employees.
For more information, visit www.imcdgroup.com or http://ethorn.com.
