Up to date news on the global chemical distribution industry
October 16, 2012
Italian distributor, Nymco S.p.a. has acquired a 100% shareholding in Sides S.p.a, a speciality distributor of fine chemicals also operating in the Italian market. Milan-based Sides S.p.a was founded in 1973 and supplies chemicals to the paints, plastics, rubber and adhesives and sealants industries.
Sides is also a partner of Pluschem, a European network of independent distributor of speciality chemicals, with a turnover exceeding €230M Euros. Formed in 2000, PlusChem offers international producers an alternative to the large multinational distribution groups in marketing their products across Europe.
The combined operation will have a turnover in excess of €30M and nearly 40 employees. Nymco is expecting to gain a synergy from the acquisition in terms of a adding a significant number of new Principals which complement the company's existing product portfolio. The merger of Sides into Nymco is expected to be completed by the end of the year.
Formed in 1948, Nymco is a distributor of fine chemicals, specialties and performance chemicals to the paints, varnishes, inks, paper, plastics, textiles, detergents, building, adhesives and petroleum industries in Italy. Apart from the activities throughout Italy, a network of Nymco agents are present all over Europe, Africa, the Middle and Far East. The company represents a number of leading producers including Heubach, Nubiola, DRT/Granel, Eastman, Norzinco and Air Products.
Source: Chemagility sources
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