IMCD, a partner in the distribution and formulation of specialty chemicals and ingredients, announced an agreement to acquire 100% of the shares of Tillmanns S.p.A., an innovator in the specialty chemicals industry. This acquisition is expected to enhance IMCD’s presence and operational capacity, particularly in Italy, a strategic market for both the company and its partners.
Founded in 1940 and based in Milan, Italy, Tillmanns S.p.A. has firmly established itself as a distributor of specialty chemicals.
With over eight decades of experience, Tillmanns is recognized as a partner for numerous global suppliers and a wide array of customers across different sectors.
The company’s operations are focused in Italy, enabling it to develop a robust presence in key markets, including coatings, construction, food and nutrition, and water treatment. This specialization allows Tillmanns to cater to diverse customer needs while maintaining high-quality service standards.
Tillmanns is recognized for its comprehensive product portfolio, which comprises premium specialty chemicals designed to meet the distinct needs of various industries.
The company prides itself on its technical expertise, built over many years of experience, as well as its strong relationships with both suppliers and customers. This reputation for reliability and quality is bolstered by Tillmanns’ skilled team of 78 dedicated employees, who contribute their knowledge and commitment to achieving exceptional results.
Along with a strong workforce, Tillmanns operates a logistics center in Milan, which enables the efficient distribution of its products. The logistics facility plays a critical role in ensuring timely delivery and support for customer operations. Furthermore, the company has invested in an in-house R&D laboratory, which has become a cornerstone of its business model.
Last year, Tillmanns reported annual revenues of approximately €143 million, reflecting its strong market position and successful operational strategies. The company’s financial performance speaks volumes about its ability to navigate a competitive landscape while delivering consistent results. The acquisition by IMCD is anticipated to create additional growth opportunities for Tillmanns, as its resources and capabilities will be augmented by IMCD’s extensive global network and expertise in specialty chemicals. And the acquisition of Tillmanns represents a strategic fit that would amplify the company’s market presence in Italy and unlock potential growth avenues across various sectors.
Tillmanns’ positioning and exclusive supplier relationships align seamlessly with IMCD’s ambition to provide value-driven solutions, digital excellence, and superior technical support to its customer base. By leveraging Tillmanns’ strengths, IMCD is well-positioned to enhance its service offerings and ensure that it meets the evolving demands of the marketplace with agility and precision.
The agreement is subject to customary regulatory closing conditions that need to be fulfilled before the acquisition is finalized. And this process is vital to ensure compliance with applicable laws and regulations, securing the interests of all parties involved. As it stands, the completion of the deal is expected in the fourth quarter of 2025, marking a new chapter for both IMCD and Tillmanns as they work together to capitalize on the opportunities that lie ahead.
Overall, this acquisition is more than just a business move; it signifies a commitment to growth, innovation, and enhanced capabilities in serving customers across various sectors. As the chemical industry continues to evolve, partnerships like this will be critical in fostering resilience and driving success in an increasingly competitive landscape.
KEY QUOTE:
“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.”
Marcus Jordan, CEO of IMCD
