Dutch speciality chemicals and ingredients provider IMCD has agreed to acquire Tillmanns, a Milan-based distributor of speciality chemicals and raw materials.
The acquisition aims to extend IMCD’s presence in Italy, increasing its market scale and providing strategic growth opportunities in the industrial and food sectors.
It is anticipated to be completed in Q4 2025, subject to regulatory approvals.
Founded in 1940, Tillmanns operates in the coatings, construction, food and nutrition, and water treatment markets.
The company has technical expertise and strong supplier relationships, supported by a logistics centre and an in-house R&D laboratory in Milan.
Last year, Tillmanns reported revenues of around €143m.
IMCD stated that the proposed acquisition aligns with its strategy to enhance its market presence in Italy, leveraging Tillmanns’ established operations and product portfolio.
The expansion is expected to unlock new opportunities for both industrial and food markets, with a focus on delivering value-driven solutions and technical support.
IMCD CEO Marcus Jordan said: “This is a great step forward in strengthening our footprint in Italy.
“Tillmanns brings deep local expertise, a loyal customer base, and a strong platform for growth in industrial, water and food applications, making it a real powerhouse for our partners, teams and suppliers in Italy.
“We are also excited to welcome a skilled and experienced team that will add real value to our organisation and bring continuity and established business relationships for customers and suppliers.”
Last year, IMCD signed an agreement to acquire Daoqin Biological Technology (Shanghai) and its affiliates to enhance its life science business in China.
The acquisition includes Longyu International Trade (Shanghai) and Long’en Biotechnology (Guangzhou).
Established in 2011, Daoqin specialises in functional nutrition, nutraceutical, and food ingredient distribution in China.
Daoqin serves customers in the food, personal care, and pharmaceutical sectors.
