 "Dutch firm IMCD acquires food ingredient supplier Kushalchand Sons")
Dutch specialty chemicals distribution specialist IMCD NV has acquired the Mumbai food ingredients supplier Kushalchand Sons. A family owned company, Kushalchand is a distributor of food speciality ingredients to the fast growing processed food industry in India and represents world class suppliers. With a goal to provide the food industry with a single stop solution for all their clients’ formulation needs, Kushalchand Sons has been at the forefront of food ingredients distribution in India.
The acquisition of Mumbai-based distributor provides a platform for the further strengthening and expansion of the activities of IMCD in the food market in India.
Amit Hirani, former owner of Kushalchand Sons and the new business director of IMCD India, commented, “IMCD and Kushalchand share a common strategy through providing the Indian food industry with a wide range of key ingredients from world leading manufacturers. This synergy will enable IMCD to further strengthen their presence on the Indian market.”
Kushalchand generated revenue of approximately Euro 9 million (about Rs 61 crore). Its business will be integrated into IMCD India while 18 employees have already transferred to IMCD.
The acquisition of Mumbai-based distributor provides a platform for the further strengthening and expansion of the activities of IMCD in the food market in India.
Amit Hirani, former owner of Kushalchand Sons and the new business director of IMCD India, commented, “IMCD and Kushalchand share a common strategy through providing the Indian food industry with a wide range of key ingredients from world leading manufacturers. This synergy will enable IMCD to further strengthen their presence on the Indian market.”
Kushalchand generated revenue of approximately Euro 9 million (about Rs 61 crore). Its business will be integrated into IMCD India while 18 employees have already transferred to IMCD.