Jost Hartmann
Proventis Partners
VELOX GmbH
Deal Type
Company sale
Sector
Industrials
Completion Date
26th September 2018
Deal Value
Not disclosed
Company Background
VELOX was established in 1993 and is a European distributor with a focus on specialities for the plastics, composites, additives, rubber, paints and coatings industries. Employing approximately 225 employees in 18 countries VELOX generated EUR 155 million revenue and a normalized EBITDA of EUR 5.4 million in 2017. With an extensive commercial network across Europe and its long-standing relationships with global suppliers,
Deal Summary
IMCD N.V. (“IMCD”), a leading distributor of speciality chemicals and food ingredients, acquired 100% of the outstanding shares of VELOX GmbH (“VELOX”), a group of companies with its headquarter in Hamburg, Germany. The agreement was signed and communicated at the End of August by both parties involved.
With an extensive commercial network across Europe and its long-standing relationships with global suppliers, VELOX is an excellent fit with IMCD’s existing operations.
This acquisition enables IMCD to further strengthen its position as distributor of speciality plastics and additives. both portfolios very well complement each other, and both compani together will be able to create more value for our suppliers and customers. Further more, joining IMCD will provide VELOX with excellent opportunities to further develop and execute its strategy as a leading distributor to the plastics- and composite industries.
VELOX GmbH deal contacts
Key members of the Proventis Partners deal team crucial in the VELOX GmbH transaction
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