IMCD N.V. has announced its agreement to acquire 100% of the outstanding shares of E.T. Horn Company (Horn).
Founded in 1961, Horn is a United States-based specialty chemical distributor focusing on coatings, construction, plastics, personal care, human food and nutrition, animal nutrition, nutraceuticals and more. In 2017, it reported revenues of $276 million and around 200 employees.
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The acquisition, paid with available cash and existing facilities, is subject to regulatory review and fulfillment of transaction-related conditions.
“Horn is a leading specialty distributor in the U.S. with an excellent reputation,” said Marcus Jordan, president of IMCD Americas. “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.”