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IMCD Acquires L.V. Lomas

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

IMCD has announced that it will acquire 100 percent of the Canadian and U.S specialty chemicals and ingredients distributor L.V. Lomas. L.V. Lomas is an excellent fit with the IMCD business model and immediately provides IMCD with a significant presence in Canada and a further enhanced position in the U.S.

Established in 1960 and with activities at six locations in Canada and the US, including offices in Toronto (Head Office), Montreal and Vancouver, L.V. Lomas is one of North Americas leading distributors of specialty chemicals, ingredients and raw materials and is distinguished by its experienced and qualified professionals that provide its customers with advanced technical support and market intelligence.

In 2016, the acquired business of L.V. Lomas generated revenue of C$383 million and realized a normalized EBITDA of C$18 million with approximately 280 employees.

With its asset light business model and long term relationships with leading global chemical and ingredient suppliers L.V. Lomas has an excellent fit with IMCD’s business model and strategy and significantly strengthens IMCD’s position in North America.

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