IMCD seal deal for Indian supplier Kushalchand Sons
Dutch spciality chemicals and food ingredient distribution firm IMCD NV has said the acquisition of Mumbai-based distributor and food ingredients supplier Kushalchand Sons will provide a platform for further expansion in to the food market in India.
Amit Hirani, former owner of Kushalchand Sons and the new business director of IMCD India, commented: “IMCD and Kushalchand share a common strategy through providing the Indian food industry with a wide range of key ingredients from world leading manufacturers. This synergy will enable IMCD to further strengthen their presence on the Indian market.”
Kushalchand generated revenue of approximately €9 million. Its business will be integrated into IMCD India, while 18 employees have already transferred to IMCD.
The Dutch distribution specialists also recently announced an expanded food enzymes partnership with global ingredients giant DSM.
