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IMCD Expands Australia Presence with Capitol Ingredients Acquisition
Posted: August 7, 2013
IMCD Group B.V. has completed the acquisition of Capitol Ingredients Australia Pty, Ltd., a Sydney headquartered specialty ingredients distributor focused on the nutraceuticals, personal care, food and pharmaceutical markets of Australia and New Zealand.
Capitol Ingredients will be consolidated with staff from the IMCD Personal Care team and will run as a separate division of IMCD Australia New Zealand (ANZ). Both Capitol Ingredients and IMCD are confident that this development will significantly benefit their customers and suppliers, as the joined companies will be able to offer a broader product range, greater local market coverage and further technical support.
The laboratory facility that Capitol Ingredients currently offers will continue to support the Capitol Ingredients/IMCD business. Operated by a qualified expert, this facility will continue with development work and will enable customers to test the performance of their formulations. IMCD ANZ will now have two laboratories; one from Capitol Ingredients and one supporting the recent acquisition of Muskvale (2012) which targets the flavor, essential oils and fragrance markets.
“This is an important step for IMCD, as the acquisition will bring a significant number of new principal partners into the IMCD business. In addition, our marketing and sales resources will be increased for stronger market penetration and extended support for our customers," noted Rene den Hertog, managing director of IMCD ANZ.