IMCD to acquire speciality distribution company Brylchem Group

IMCD N.V., a leading global distributor based in Rotterdam, The Netherlands, has signed an agreement to acquire  100% of the shares of the speciality distribution company Brylchem Pte Ltd and the business  of Chemipac Pte Ltd., and CMS Marketing Trading Co., Ltd in Vietnam.

Brylchem Group was founded in Singapore in 1992, offering a wide range of products in the  coatings, construction, advanced materials, agrochemical, home care and industrial cleaning,  feed and veterinary, and lubricants industries for the Singapore and Vietnam markets. It  represents leading global suppliers providing its customers with an extensive portfolio  backed by technical and commercial excellence. With approximately 50 employees in  Singapore and Vietnam, Brylchem Group generated a revenue of approximately SGD85 million (USD63.3 million) in 2022. 

“Brylchem Group provides IMCD with an excellent gain in foothold, given their strong  presence in the highly dynamic and vibrant Singaporean and Vietnamese markets,” said Daan Roebbers, regional director of Expansion, Strategy, and Digitalisation at  IMCD APAC. 

“This is a momentous milestone with it being the first acquisition for Vietnam  and a vital opportunity for our business expansion into new markets for both countries.” 

“My team and I built up the company over the last 31 years with lots of passion and  excitement, and finally, I found the right partner to continue the legacy and lead my team to  the next level,” said Tan Seng Kung, founder and managing director of Brylchem Group. 

The closing of the transaction is expected to take place in the fourth quarter of 2023.