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IMCD acquires Mumbai distributor

Dutch speciality chemicals and food ingredients distributor IMCD has completed the acquisition of Kushalchand Sons in India. Kushalchand, a family owned company based in Mumbai since 1922, is a distributor of food speciality ingredients to the fast growing processed food industry in India. IMCD said that the acquisition of the Mumbai-based distributor provides a platform […]

Dutch speciality chemicals and food ingredients distributor IMCD has completed the acquisition of Kushalchand Sons in India.

Kushalchand, a family owned company based in Mumbai since 1922, is a distributor of food speciality ingredients to the fast growing processed food industry in India.

IMCD said that the acquisition of the Mumbai-based distributor provides a platform for the further strengthening and expansion of its activities in the food market in India.

“IMCD and Kushalchand share a common strategy through providing the Indian food industry with a wide range of key ingredients from world leading manufacturers,” said Amit Hirani, former owner of Kushalchand and the new Business Director of IMCD India, “This synergy will enable IMCD to further strengthen their presence on the Indian market.”

Kushalchand’s annual revenues are approximately €9 million. Its business will be integrated into IMCD India whilst 18 employees have already transferred to IMCD.