IMCD announced it has signed an agreement to acquire 100% of the shares of Tillmanns S.p.A., a specialty chemicals distributor based in Milan, Italy. Founded in 1940, Tillmanns operates in the coatings, construction, food and nutrition, and water treatment markets.

The company employs 78 people and reported revenues of approximately €143 million in 2024. Its operations include a logistics center in Milan and an in-house R&D laboratory offering testing, custom formulations, and technical support.

“This is a great step forward in strengthening our footprint in Italy,” said Marcus Jordan, CEO of IMCD. “Tillmanns brings deep local expertise, a loyal customer base, and a strong platform for growth in industrial, water and food applications.”

IMCD stated that the acquisition enhances its scale in Italy and creates growth opportunities across both industrial and food markets. The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions.

This deal adds to ongoing mergers and acquisitions activity shaping the global coatings supply chain.