Eigenmann & Veronelli, a leading distributor in the speciality chemicals and food ingredients industry, has acquired 100% of IMEA Technologies – a regional distribution company of specialty chemicals with a focus on the industrial market, based in the United Arab Emirates.
The acquisition represents an excellent fit with E&V’s existing operations and a strategic commercial expansion in the Middle East and Africa region, in addition to the Far East and Indian markets, reinforcing its international footprint to consolidate its compelling portfolio and execute its growth strategy.
IMEA Technologies was founded in 2011, in Sharjah, UAE, and offers a wide range of products, mainly industrial, such as emulsion polymers for industries, paints, plastic, inks, water treatment, sealants and adhesives, oil and gas, and construction, as well as cosmetic and cleaning applications.
Gabriele Bonomi, chief executive officer of the E&V Group, said: “In line with our strategic vision to be an established international solutions provider, we are delighted to welcome IMEA Technologies to the E&V Group. This acquisition strengthens our international footprint and allows us to offer a truly compelling value proposition to both principals and customers.”
Ayoob Chekkintakath, executive director of IMEA Technologies, added: “Becoming part of E&V, a key international market player, marks a milestone in our company’s evolution. We share a similar vision and culture, and I am confident that IMEA Technologies will continue to thrive as part of the E&V Group, continuing its long-term relationships with key suppliers and customers.”