IMCD Group, a leading speciality chemicals and food ingredients company, has signed an agreement to acquire all activities of PT Alam Subur Tirta Kencana, a Jakarta-based leading food ingredients distributor. With this acquisition Rotterdam-based IMCD Group also makes its entry into Southeast Asia’s largest economy.
Under this deal, IMCD will also acquire Alam Subur’s affiliated company PT Sapta Permata at Surabaya, Indonesia. As soon as all necessary approvals have been obtained, the transaction will close and all businesses of Alam Subur and Sapta Permata will come under PT IMCD Indonesia.
Mr Eduard Utama, founder of Alam Subur, says: “We are delighted with our partnership with IMCD. This will enable us to grow further. We will benefit from sharing best practices and know-how and will be able to expand our product offering”.
With offices and warehouses in Jakarta, Alam Subur is a leading distributor and supplier for food and beverage ingredients. It also supplies nutraceutical & pharmaceutical ingredients. Founded in 1999, the company currently employs about 100 employees, comprised of sales and marketing, technical and administration team. Sapta Permata was founded in 2002 and has 20 employees.
Commenting on the deal, Mr Albert Stevens, Vice President Asia for IMCD Group, says: “This is an important step in realisation of our strategy in the largest and fastest growing country of Southeast Asia, where we foresee tremendous growth prospects. Alam Subur’s expertise and knowledge of a diverse and huge market like Indonesia will be an asset for our expansion strategy.”
Business partners of Alam Subur have been notified of the change and IMCD will ensure smooth business transition with no disturbance to Alam Subur’s current activities. All employees of Alam Subur will transfer to IMCD. Mr Utama will continue to lead IMCD Indonesia.
IMCD Group B.V. is a leading company in sales, marketing and distribution of speciality chemicals and food ingredients. With a network of offices and warehouses located in Europe, Asia-Pacific and Africa, IMCD provides its partners with optimum tailored solutions for multi-territory distribution management. Headquartered in Rotterdam, The Netherlands, IMCD has a turnover of € 1.3 billion and employs in excess of 1200 professionals in 38 countries who provide best in class expertise for major global producers.
