ROTTERDAM, The Netherlands (29 August, 2018) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and food ingredients, today announces that it signed an agreement to acquire 100% of the outstanding shares of VELOX GmbH (“VELOX”), a group of companies with its headquarter in Hamburg, Germany. With an extensive commercial network across Europe and its long-standing relationships with global suppliers in the plastics, composites and other specialities markets, VELOX is an excellent fit with IMCD’s existing operations. The transaction is subject to regulatory review.
VELOX was established in 1993 and is a European distributor with a focus on specialities for the plastics, composites, additives, rubber, paints and coatings industries. With approximately 225 employees in 18 countries VELOX generated EUR 155 million revenue and a normalised EBITDA of EUR 5.4 million in 2017.
Piet van der Slikke, CEO of IMCD, commented: “This acquisition enables IMCD to further strengthen its position as distributor of speciality plastics and additives. Our portfolios very well complement each other, and we expect to be able to create more value for our suppliers and customers.”
François Minec, General Manager of VELOX added: “Joining IMCD will provide VELOX with excellent opportunities to further develop and execute its strategy as a leading distributor to the plastics- and composite industries.”
The acquisition will be paid from available cash and existing bank facilities.
About IMCD N.V. IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends. Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of € 1,907 million in 2017 with more than 2,200 employees in 46 countries on 6 continents. IMCD's dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 34,000 customers and a diverse range of world class suppliers. For further information, please visit www.imcdgroup.com or contact ir(at)imcdgroup.com.
VELOX and SK Chemicals present ECOZEN HF®, a bio-copolyester range especially suitable for the aerosol and food packaging industries
VELOX GmbH, one of Europe’s leading solution providers of raw material specialities for the plastics, composites, additives and paint & coatings industries, and its long-term partner SK Chemicals Co. Ltd. (South Korea) are presenting the next innovation for plastic packaging applications such as aerosol containers as well as cosmetic and hot fill bottles. ECOZEN HF® is a newly developed bio-copolyester range that is perfectly suitable for aluminum, glass and PET replacement wherever heat and pressure resistance combined with transparency is required. First customers have already started sampling the grades.
“ECOZEN HF® has similar processing requirements to PET and can be used in the same injection-stretch blow moulding (ISBM) process. However, the new grades by SK Chemicals perform perfectly in areas where PET can sometimes fail, such as in high temperature and high pressure applications”, explains François Minec, General Manager at VELOX. “For example, PET is sometimes used to produce aerosol bottles. These bottles can often fail due to high residual stress and the low temperature resistance of PET, especially in the summer months when possible leakage is the result. ECOZEN HF® offers an ideal alternative here.”
Besides remarkable resistance to pressure, stress-cracking and high temperatures, ECOZEN HF® is characterised by excellent transparency and easy processing. As a glass replacement, e.g. for food packaging, it not only helps to reduce weight and transportation costs but can also be used to produce hot-fill containers without the need for an expensive PET heat-setting process or the need for crystallising the bottle or jar neck. Similarly, as an aluminum substitute in the cosmetics packaging industry, ECOZEN HF® combines high pressure-resistance with design flexibility and transparency. In addition, Ecozen HF® is totally miscible with PET in the recycling stream.
VELOX provides the new range in nearly all European countries.
VELOX GmbH, one of Europe’s leading solution providers of raw material specialities for the plastics, composites, additives and paint & coatings industries, and its long-term partner SK Chemicals Co., Ltd. (South Korea) are presenting Skyplete, a new plastics material range with some unique products for the 3D industry. VELOX has been chosen as distribution partner in Europe by SK Chemicals.
“We are excited to be working together with our long-term partner, VELOX, in developing the 3D printing industry in Europe. We believe that VELOX is the most suitable partner to meet our strategic objective to expand the market share in Europe because they have experience in 3D printing industry as well as technical knowledge on SK Chemicals products”, commented Brian Oh, business development team leader at SK Chemicals.
“3D printing or additive manufacturing (AM) has become indispensable for design and manufacturing in different industries. Its widespread use is creating the need for specialised materials like the Skyplete range by SK Chemicals”, says François Minec, General Manager at VELOX.
Specialities to be highlighted within the Skyplete products are e.g. the EN100, a PLA-based biodegradable type with a heat resistance (HDT) of 100°C, that is up to twice as high as the HDT of competitive products on the market. But also the Skyplete E-Series, bio-copolyester types with higher impact and temperature resistance than the widely used ABS and PLA materials, as well as copolyester types that combine the advantages of PLA and ABS – e. g. food approval, low-odour, easy to print on, good adhesion of the individual layers – are to be emphasised.
“The Skyplete range is one of the most innovative 3D printing materials in our portfolio and an excellent choice for filament manufacturers looking for enhancement of temperature resistance for easy-to-print materials and the refinement of common compounds to improve impact resistance and engineering performance”, comments Manuel Delgado, 3D printing market manager at VELOX.
VELOX’ target group for the new Skyplete range are filament producers and compounders looking for innovative and specialised 3D printing materials with a great range of properties. VELOX provides the new product range in all European countries.
Ashland today announced it has appointed VELOX as its new main composites distributor for France. The new distribution agreement, which is effective July 1, 2018, includes all Ashland unsaturated polyester resin, gel coat, low-profile additives products and epoxy vinyl ester resins, including Derakane™. All activities previously managed by Quimidroga, will transfer to VELOX France SAS per July 1, 2018.
“We are excited to have VELOX representing us in the French market," said Alessandro Lago, sales director, Composites, EMEA. "The VELOX team has considerable commercial experience in the composites business and the right technical expertise to support Ashland’s growth in the French market.”
“We are delighted that Ashland have selected VELOX as their main representative for composite products in France and trust in our expertise. We look forward to a very successful cooperation”, commented François Minec, General Manager at VELOX.
Focus on newest antimicrobials, halogen-free flame retardants and bio-based materials
VELOX GmbH, one of Europe’s leading solutions providers of raw material specialities for the plastics, composites and additives industries, will be showcasing at the Compounding World Expo 2018 in Essen, Germany on 27th to 28th June 2018. At booth 100 VELOX and its co-exhibitors Polyram Plastic Industries LTD and Völpker Spezialprodukte GmbH will be presenting new and proven additive solutions for the plastics compounding industry.
“With its specific focus on the compounding market the Compounding World Expo is a highly relevant and promising exhibition for VELOX. We are looking forward to insightful discussions and exchange on current developments in the industry. Together with our partners we will be presenting our extended additives portfolio”, states Nadia Kursawe, Business Unit Manager, Additives at VELOX.
Polyram will take the opportunity of the Expo to introduce a new impact modifier called Bondyram 7105. This grade is a MAH modified ethylene/octane copolymer elastomer for improving PA66 compounds.
Völpker will be showcasing its Montan waxes and special wax blends that are often the key to solving complex processing problems in the plastics and plastic recycling industry allowing to create compounds with significantly better characteristic value profiles.
Besides Polyram and Völpker, VELOX’ newest partner for antimicrobial additives, Life Material Technologies, will also be present at the booth. VELOX is the exclusive distributor of Life’s antimicrobial additives and treatments in most of Europe.
In addition to its antimicrobials portfolio, VELOX will be showcasing its broad flame retardant range. “With the new and stricter requirements for flame retardancy for various applications in electronics, construction or the public sector in Europe, halogen-free flame retardants are in increasing demand. VELOX has a wide range of halogen-free additives to offer”, highlights Kursawe.
VELOX GmbH, one of Europe’s leading solutions providers of raw material specialities for the plastics, composites, additives, rubber and paints & coatings industries, will be showcasing its comprehensive rubber and rubber additives portfolio at the German Rubber Conference DKT, taking place in Nuremberg from 2nd until 5th July. In Hall 12, booth 338 VELOX’ long-standing partners Avanzare, Axalta Polymer Powders and Nitriflex, as well as the company’s new partner Himadri from India, a carbon black specialist, will co-exhibit.
“VELOX is well established in the rubber and additive industry with a wide product portfolio for 25 years”, says Robert Zeppelin, Business Unit Manager CASE (Coatings, Adhesives, Sealants and Elastomers) at VELOX. “We are pleased to be represented again this year together with strong partners and a broad range of specialties."
Furthermore, Avanzare will present novel additives on the subject of "Thermal and Electrical Conductive Materials to Avoid H&S problems " at the daily Poster Sessions.
This year, VELOX is celebrating its 25th anniversary. The Group is operating 21 offices across Europe as well as in China, Russia and Turkey.
PENTAC and VELOX at CEP Auto 2018 in Spain
VELOX GmbH, one of Europe’s leading solutions providers of raw material specialities for the plastics, composites, additives and paint & coatings industries, and its long-term partner PENTAC Polymer GmbH will be participating at the International Conference on Automotive Plastics, CEP Auto that will be held in Barcelona, Spain, from 27th to 28th June 2018.
The focus of PENTAC and VELOX will be lightweighting in automotive engineering. Dr. Georg Kirschbaum, Business Development Manager at PENTAC, will be holding a lecture on dealing with the different possibilities to reduce the weight of reinforced polyamide compounds, with solutions that allow to save up to 40 % of the weight compared with parts injected in "normal" nylon. Through the combined use of different base polymers with reduced density reinforcements and fillers weight savings of 30 % or more have already been achieved.
For example, savings of several 100 gr weight could be achieved by using dense-optimised material formulations compared to typical, previously used polymer compounds for motor covers. As part of a general concept for weight reduction in the automotive industry, it is already possible to significantly contribute to the overall goal achievement at this point, without affecting the function of the component.
„We are looking forward to an intense and fruitful exchange on cutting-edge technical developments in the industry at CEP Auto”, says Albert Kirchner, Country Manager Spain and Portugal at VELOX.
CEP Auto is organised by the “Centro Español de Plásticos”. For more information click the following link: https://www.cep-auto.com/
VELOX announces distribution of Asahi Kasei’s DuranolTM W8011
VELOX GmbH, a leading pan-European distributor of raw material specialities and solutions provider for the plastics, composites, additives, rubber and paints & coatings industries, is now offering customers across Europe a new, unique additive developed by its long-term partner Asahi Kasei Corporation. The polycarbonate diol DuranolTM W8011 is easily dispersible in water. It improves the chemical as well as scratch resistance and the adhesion, softness and self-healing of coatings.
“DuranolTM W8011 is a high-quality water dispersible polycarbonate diol which can be used as poylol or additive in a wide range of applications. It is especially designed for the use in aqueous industrial coatings as well as wood, plastics, glass and furniture coatings”, states Olaf Knispel, Product Manager CASE (Coatings, Adhesives, Sealants and Elastomers) at VELOX.
DuranolTM W8011 is a polycarbonate diol developed by Asahi Kasei and is perfectly suitable as speciality additive for water-based 2K acrylate binder systems (2KPU). It improves adhesion on different substrates, especially aluminum and various plastics. It also provides increased scratch resistance (also "self-healing") and chemical resistance of coatings. Moreover, W8011 can be used for the polyol component of soft-feel coatings and gives excellent sunscreen lotion resistance.
VELOX will be introducing DuranolTM W8011 at Surfex, taking place in Coventry, UK, from 22nd to 23rd May 2018. Asahi Kasei will be co-exhibitor sharing VELOX’ booth 112.
Molecular weight (Mn)
Viscosity (mPa. s/50°C)
OH value (mgKOH/g)
Liquid or Wax-like solid
800 ~ 1,800
VELOX GmbH, one of Europe’s leading distributors of raw material specialties and solutions provider for the plastics, composites, additives, rubber and paints & coatings industries, will exhibit at PLAST 2018, the international exhibition for the plastics and rubber industries, taking place in Milan, Italy from 29 May to 1 June 2018.
In Hall 9, booth 81, aisle A, VELOX and its partners will be showcasing among others new materials like bio-plasticizers for TPU/PLA and other polymers, special hydrolysis stabilizers, new flame retardant additives and high-temperature purging compound grades. Furthermore, VELOX will present a wide range of proven solutions for food, medical and pharma, TPUs for cable & wire and many other markets, materials for metal replacement like LCP, PEEK, PPA and carbon fiber reinforced polymers.
“PLAST is one of the biggest trade shows for the plastics industry in Europe and VELOX has been successfully participating since 1997. Therefore, we are looking forward to the fair and are pleased to announce that VELOX will be exhibiting a wide portfolio, representing our long-standing partners”, comments Carlo Iori, Country Manager VELOX Italy.
VELOX will represent Arkema, Asahi Kasei, Avanzare, FRX Polymers, Lubrizol, Polyram, Potters, Schäfer Additivsysteme, Shekoy, Struktol, Sumitomo Chemical, Tolsa, TOPAS Advanced Polymers, Völpker Spezialprodukte and ZOLTEK.
VELOX GmbH, one of Europe’s leading solutions providers of raw material specialties for the plastics, composites, additives, and paints & coatings industries, will exhibit at Plastpol from 22nd to 25th May 2018 in Kielce, Poland at booth 53, hall E. Co-exhibitor will be VELOX’ long-term partner Lubrizol. VELOX is intensifying its activities in Eastern Europe and Russia with a range of solutions especially adapted to the needs of the growing region.
“VELOX will present a broad offering of thermoplastics, polymers, additives and composites, as well as paints and coatings products designed for a wide range of applications”, says Guillaume Fromont, Product Manager Engineering Plastics. “In particular, the speciality thermoplastic polyurethane (TPU) products from our principal Lubrizol, under globally recognised trade names including Estane®, Pearlthane™ and Pearlbond™ TPU are of great interest for injection moulding, extrusion, adhesive and compounding applications. These are valued for their durability and mechanical properties in hose and tube, cable and medical device end uses.”
One key focus of VELOX at Plastpol will be the cable market. The company offers specialised products for extrusion applications for different industries, e. g. the automotive industry, electronics, the energy sector and more. Especially the Estane® flame retardant (halogenated and halogen-free) TPU’s that are able to pass the norms FT-1 and FT-2 at low thickness as well as to fulfill the norm IEC 60332-1 or -2 will be highlighted by VELOX. “The cable market in Eastern Europe is steadily growing and we are pleased to be able to offer materials for a very broad range of applications”, says Guillaume Fromont.
VELOX has been present in Eastern Europe for more than 10 years and is strengthening its activities in these important markets even further. The company operates local offices and sales networks in Poland, the Czech Republic, Romania, Slovakia and Hungary, and has established its Russian office in Moscow just in April 2017. From here, VELOX also serves the markets in Belarus and Ukraine.
“We are looking forward to propelling our sales in Eastern Europe and Russia, which are important markets for plastics and composites”, comments François Minec, General Manager at VELOX. “Our local teams have an extensive experience in the chemical industry and a very good knowledge of the respective markets. We are looking forward to supporting our Eastern European customers with our high-quality solutions especially customised to their needs.”