NEWS
Colour merger creates Chroma Color Corp
Following Carolina Color’s acquisi- tion of Chroma Color earlier this year, the US-based company has announced it is to bring the two operations together with its previous Breen and Hudson Color acquisi- tions under the Chroma Color Corporation name. Chroma Color Corporation Chairman, George Abd said: “This is an exciting time for the company as it grows organically, leveraging its patented products, expert techno- logical resources and considerable manufacturing capacity and through future strategic acquisitions. We look forward to great success for Chroma Color Corporation.” The new business is headquar-
tered in McHenry in Illinois. Former Chroma Corp President and CEO Tom Bolger takes on the role of CEO and Carolina Color Chairman and CEO Matt Barr becomes Vice Chairman. The new combined business
produces high quality colour concentrates on short lead times for markets such as wire & cable, packaging, building & construction, consumer, medical, healthcare, and transportation. It generates sales of more than $150m. Private equity group Arsenal
Capital became a strategic investor in the Carolina Color and Breen businesses in 2017. �
https://chromacolors.com
IMCD agrees to buy Velox
IMCD, the fourth largest chemical distributor in the world with annual sales of more than €1.9 bn, has agreed to acquire Hamburg, Germany-based distributor Velox. The deal is subject to regulatory confirmation. Founded in 1993, Velox is focused on specialities for the plastics, composites, additives, rubber, paints and coatings industries. It had sales of €155m in 2017 and employs 225 people. “This acquisition enables IMCD to
further strengthen its position as distribu- tor of speciality plastics and additives. Our portfolios very well complement each other, and we expect to be able to create more value for our suppliers and customers,” said Piet van der Slikke, CEO of Netherlands-based IMCD. �
www.imcdgroup.com
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