19 August 2013 09:33 [Source: ICIS news]
SINGAPORE (ICIS)--IMCD Group has acquired Singapore-based engineering and speciality plastics distributor Paceco Industrial Supplies for an undisclosed fee, the Netherlands-based chemicals distributor said in a statement on Monday.
“This new deal will greatly complement our plastics business in China and will provide a platform for further expansion in southeast Asia,” said Albert Stevens, vice president for Asia at IMCD Group.
Paceco Industrial Supplies is active in Singapore, China and Malaysia, and currently employs 28 staff who will all transfer to IMCD, the firm said.
George Chong will remain as managing director of Paceco, according to IMCD.
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