NORGESTION advised the shareholders of Comindex, S.A. – a leading distribution solutions provider of specialty ingredients and chemicals for the performance materials market – in their sale to IMPAG Group, a Swiss distribution group of raw materials, ingredients and active pharmaceutical ingredients owned by Deutsche Private Equity.
Advised by NORGESTION, Comindex integrates into Impag, maintaining its staff and operational independence.
Impag Group, a Swiss distribution group of raw materials, ingredients, and active pharmaceutical ingredients owned by Deutsche Private Equity (DPE), has signed an agreement to acquire 100% of Comindex, a Spanish company specializing in the distribution of additives and chemical specialties.
Comindex, founded in 1959 and headquartered in Montornès del Vallès (Barcelona), will be integrated into the Impag structure, recently acquired by DPE, but will maintain operational independence, guaranteeing the continuity of its entire workforce, led by Anouchka Arp, the third generation of the company’s founding family, as CEO.
This is not Impag’s first acquisition in Spain. In 2021, the group entered the country with the acquisition of Innovafood, a company specializing in the distribution of natural ingredients for the food sector. Comindex is therefore highly complementary, as it gives the group entry into the industrial chemical business in Spain. Comindex, which employs 35 people, uses paints, plastics, inks, detergents, and adhesives. Comindex has an annual turnover of around €20 million, and its margins are slightly above the market average. Its integration into Impag will increase the Swiss group’s turnover to approximately €230 million.
“With Impag, we have found a partner who shares our values and who will help us build our long-term success,” commented Anouchka Arp, CEO of Comindex.
“With the acquisition of Comindex, we have reached a new milestone in the development of the Impag Group. We are combining our expertise, expanding our offering, and creating added value for our customers, suppliers, and employees throughout Europe,” noted Remo Bernardi, CEO of Impag.
