IMCD expands food, nutrition portfolio in Spain with TECOM Ingredients acquisition
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
SPAIN – IMCD N.V. (IMCD), a global partner for the distribution and formulation of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares in TECOM Ingredients S.A. (TECOM).
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
TECOM is a recognised distributor of ingredients and additives to the food industry, founded in 1996 and headquartered in Molins de Rei, near Barcelona, Spain.
The company is a partner for customers active in the food and nutrition market in Iberia, developing innovative, high-quality solutions across a wide spectrum of applications, including savoury, bakery and pastry, dairy and plant-based beverages, confectionery, meat and ready meals, as well as health and nutrition.
With a team of 16 employees, TECOM reported annual revenues of approximately EUR 18 million (US$20.25m) in the financial year 2024.
“Joining IMCD marks an exciting new phase in our journey. We are bringing together two companies that share a strong culture of innovation, service, and long-term partnerships. This step opens up new avenues for growth and will allow us to offer even greater value to our customers,” Sixto Yañez, Commercial Director and Co-Founder of TECOM, commented.
About IMCD
IMCD, based in Rotterdam, The Netherlands, is a global partner for the distribution and formulation of specialty chemicals and ingredients.
The company aims to help suppliers simplify and grow their business operations through its extensive local networks, market intelligence and technical expertise.
IMCD provides customers with direct access to a large portfolio of 48,000 high-quality products across eight market sectors spanning food and Nutrition, Pharmaceuticals, beauty and personal care, home care, industrial solutions, advanced materials, lubricants and energy and coatings and construction.
It currently operates in more than 60 countries across six continents and have employed over 5,126 professionals.
IMCD reported annual revenues of EUR 4,727 million (US$5.2 billion) in the financial year 2024.
This acquisition will enhance IMCD’s presence in Iberia and expand its portfolio with ingredients that are highly complementary to IMCD’s current offering.
“We’re thrilled to welcome a talented team with deep expertise in market-specific food applications,” said José Alcover, Managing Director of IMCD Iberia & Maghreb.
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