Proventis Partners advised VELOX

IMCD N.V. (“”IMCD””), a leading distributor of specialty chemicals and food additives, has acquired 100% of the shares of VELOX GmbH (“”VELOX””). VELOX has a broad customer network and long-standing relationships with global manufacturers, making it an excellent complement to IMCD’s existing activities.

VELOX is a leading European distributor and solution provider for specialty raw materials in the plastics, composites, additives, rubber and paints & coatings industries. With approximately 225 employees in 18 countries, VELOX generated annual sales of €155 million and normalized EBITDA of €5.4 million.

Piet van der Slikke, CEO of IMCD, commented, “”This transaction allows IMCD to further strengthen its position as a distributor of specialty plastics and additives. Our product portfolios complement each other very well and together we will be able to generate sustainable value for our customers and suppliers.””

Proventis Partners supported the founders of VELOX as well as the management team throughout the M&A process. Services included preparation of all transaction documentation, identification and approach of suitable investors, coordination of due diligence and commercial negotiation of the transaction.