IMCD Buys India’s Kushalchand
Dutch specialty chemicals distributor IMCD has acquired Kushalchand Sons in India. Kushalchand, a family-owned business based in Mumbai, distributes specialty ingredients to India's fast-growing processed food industry. Financial details were not disclosed.
IMCD said the purchase will provide a platform for it to further strengthen and expand its activities in the country's food market. Kushalchand, which has revenues of about €9 million and employs 18 people, will be integrated into IMCD India.