IMCD Acquires Ejder Kimya's Personal Care and Cosmetics Division

IMCD N.V. ("IMCD"), a leading distributor of specialty chemicals and food ingredients, announced today that it has signed a successful agreement to acquire the personal care and cosmetics business of Ejder Kimya İlaç Danışmanlık Sanayi ve Ticaret A.Ş. ("Ejder Kimya"). Ejder Kimya, founded in 1999, is a distributor of personal care, pharmaceutical and food additive raw materials. It holds a strong and reliable position in the personal care market in Turkey. Aylin Zakuto, General Manager of IMCD Turkey, said: "This acquisition represents an important step in line with IMCD's global growth strategy to strengthen IMCD Turkey's presence in the cosmetics sector. Ejder Kimya's personal care market expertise and comprehensive portfolio will expand the solutions we offer to our customers and accelerate the growth of our suppliers in the personal care market." Pervin Ejder, CEO and owner of Ejder Kimya, stated: "I am very pleased to entrust the value created by Ejder Kimya to IMCD's capable hands. IMCD's commitment to investing in and growing the personal care market made our decision to pursue this transaction easier. I am confident that both our customers and suppliers will benefit from this transaction."

Completion of the acquisition is subject to closing conditions and regulatory approval. Completion is expected to take place in early January 2021.

About IMCD NV

IMCD is a market leader in the sales, marketing and distribution of specialty chemicals and food ingredients. IMCD's results-oriented workforce offers suppliers and customers in EMEA, Asia-Pacific and the Americas with a broad product portfolio supported by innovative formulations in line with industry trends. Listed on Euronext in Amsterdam (IMCD), IMCD generated a turnover of EUR 2.69 billion in 2019 with approximately 3,000 employees across 50 countries on 6 continents. IMCD's team of technical and commercial experts works in close cooperation to provide value to approximately 49,000 customers and suppliers worldwide. For more information about IMCD, please visit www.imcdgroup.com.