IMCD acquires KOI Products Solutions
Founded in 1986, KOI Products Solutions has developed long-standing partnerships with some of the world’s leading suppliers of specialty products and predominantly serves the paint, coatings, ink, composite, and cosmetics markets. The company, based in Petach Tikva, Israel, generated a revenue of above EUR 8 million in financial year 2022 and adds 13 employees to the IMCD Israel team. The closing of the transaction is subject to customary closing conditions and is expected to take place in June 2023.
“Excellent fit for IMCD”
“The acquisition of KOI Products Solutions represents another important step into the expansion of our industrial business in Israel. KOI’s Products Solutions’ established supplier and customer base in Advanced Composites and Coatings, their deep understanding of the local market and strong team, make them an excellent fit for IMCD,” commented Frank Schneider, Member of IMCD Group Executive Committee and Business Group Director IMCD Coatings & Construction.