IMCD to Acquire U.S. Specialty Chemicals Distributor
ROTTERDAM, The Netherlands — IMCD N.V., a distributor of specialty chemicals, has signed an agreement to acquire 100% of the outstanding shares of E.T. Horn Co. (HORN), La Miranda, California. The acquisition aligns with IMCD's intention to provide suppliers and customers with national U.S. coverage and dedicated segment expertise. The deal is subject to certain conditions and regulatory review.
HORN was established in 1961 and is a leading specialty chemicals distributor in the United States with a focus that includes coatings. The company represents leading suppliers and is primarily focused on the West and Southwest United States.
Marcus Jordan, President of IMCD Americas, commented, "HORN is a leading specialty distributor in the U.S. with an excellent reputation. There is a very good fit between HORN and our current U.S. organization, and we are convinced that we can jointly offer exciting opportunities to our staff, suppliers and customers. Our combined businesses are excellently positioned to achieve accelerated growth on a national U.S. basis through our specialist, market-focused teams."