06.18.18
IMCD N.V., a Netherlands-based distributor of specialty chemicals and food ingredients, has signed an agreement to acquire 100% of the outstanding shares of E.T. Horn Company. According to the companies, Horn aligns well with IMCD's U.S. activities and supports the strategy of offering to its suppliers and customers an organization with national U.S. coverage and dedicated segment expertise. The deal is subject to fulfilment of transaction related conditions and customary regulatory review.
Horn was established in 1961 and is a leading specialty chemicals distributor in the U.S. with a focus on coatings, construction, plastics, personal care, human 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 South West regions of the U.S. In 2017, Horn generated revenue of $276 million, a normalized EBITDA of $12 million and has approximately 200 employees.
Marcus Jordan, president of IMCD Americas, commented: "HORN is a leading specialty distributor in the U.S. with an excellent reputation. There is a very good fit between HORN and our current U.S. organization and we are convinced that we can jointly offer exciting opportunities to our staff, suppliers and customers. Our combined businesses are excellently positioned to achieve accelerated growth on a national U.S. basis through our specialist market focused teams."
Horn was established in 1961 and is a leading specialty chemicals distributor in the U.S. with a focus on coatings, construction, plastics, personal care, human 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 South West regions of the U.S. In 2017, Horn generated revenue of $276 million, a normalized EBITDA of $12 million and has approximately 200 employees.
Marcus Jordan, president of IMCD Americas, commented: "HORN is a leading specialty distributor in the U.S. with an excellent reputation. There is a very good fit between HORN and our current U.S. organization and we are convinced that we can jointly offer exciting opportunities to our staff, suppliers and customers. Our combined businesses are excellently positioned to achieve accelerated growth on a national U.S. basis through our specialist market focused teams."
