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IMCD Completes HORN Acquisition

Acquires 100% of outstanding shares of US specialty chemicals distributor E.T. Horn Company.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

IMCD N.V., a leading distributor of specialty chemicals and food ingredients, announced that it has successfully completed the acquisition of 100% of the outstanding shares of US specialty chemicals distributor E.T. Horn Company (HORN). The agreement on the acquisition of HORN was announced by IMCD in its press release of June 12, 2018. HORN is a fit with IMCD’s US activities.
 
HORN was established in 1961 and is a leading specialty chemicals distributor in the US 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 US. In 2017, HORN generated revenue of $276 million, a normalized EBITDA of $12 million and has approximately 200 employees.

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