Specialty chemical distributor IMCD N.V. announced that IMCD Indonesia has signed an agreement to acquire PT Megasetia Agung Kimia in Indonesia. IMCD will acquire 70% of Megasetia’s share capital now and the remaining 30% in 2025.
Megasetia, which was founded in 1995, is a distributor for specialty ingredients for the pharmaceuticals industry. It also covers the personal care, home care, animal health and industrial markets, offering end-to-end solutions to its customers and partners with three laboratories, six offices and six warehouses across Indonesia. According to IMCD, it generated a revenue of approximately €60 million in 2020 and has approximately 160 employees. Megasetia currently serves more than 1,000 customers and represents more than 50 of the world’s leading ingredients producers.
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