Specialty chemical distributor HORN acquired by IMCD

By Deanna Utroske

- Last updated on GMT

Specialty chemical distributor HORN acquired by IMCD
The beauty and personal care ingredient distributor has a good track record here in the States and has strategically partnered with regional ingredient makers over the years. Now, Netherlands-based IMCD has seized the opportunity to grow in the US market by acquiring HORN.

This week IMCD announced that it’s acquiring HORN. The deal (still pending ordinary regulatory review) will expand the company’s already international specialty chemical sales, distribution, and marketing business.

“HORN is a leading specialty distributor in the US with an excellent reputation,” ​says Marcus Jordan, president of IMCD Americas, in his comments to the press about the acquisition.

According to Jordan the two companies are well matched: “There is a very good fit between HORN and our current US organization and we are convinced that we can jointly offer exciting opportunities to our staff, suppliers, and customers. Our combined businesses are excellently positioned to achieve accelerated growth on a national US basis through our specialist market focused teams.”

The outstanding shares of HORN will be purchased by IMCD with available cash and existing facilities, the press release states.

Value added

IMCD further characterized the HORN business and the value of acquiring it: “HORN is an excellent fit with IMCD's US activities and supports the strategy of offering to its suppliers and customers an organization with national US coverage and dedicated segment expertise.”

Looking at the value in terms of dollars, HORN had $276m in revenue last year and a“normalised EBITDA of USD 12 million,”​according to the release. HORN employs some 200 people currently. And, board members commenting on the acquisition deal are optimistic.

“HORN and IMCD have similar strategies and cultures and we look forward to working together to expand our business in the US further,” ​say Bob Ahn and Jeff Martin, in a joint comment to the press.



Deanna Utroske, CosmeticsDesign.com Editor, covers beauty business news in the Americas region and publishes the weekly Indie Beauty Profile column, showcasing the inspiring work of entrepreneurs and innovative brands.


Related news

Show more

Related products

show more

Get up to $500 off IGEN™ Non-GMO Tested Program!

Get up to $500 off IGEN™ Non-GMO Tested Program!

Content provided by SGS Nutrasource | 04-Jul-2024 | Insight Guide

The cosmetics industry has seen unprecedented growth in recent years, and with this growth comes a rising concern for what’s inside our everyday products.

Calendula Cellular Elixir: Alchemy in a cell

Calendula Cellular Elixir: Alchemy in a cell

Content provided by Naolys | 07-Jun-2024 | Product Brochure

Get ready to experience a cellular evolution in skincare with InnerLift Calendula's advanced Plant Cell biotechnology.

Exosomes: Passing Trend or Transformative Reality?

Exosomes: Passing Trend or Transformative Reality?

Content provided by Naolys | 26-Mar-2024 | White Paper

Exosomes, microscopic vesicles naturally present in abundance within Plant Cells, have garnered significant attention within the scientific and cosmetic...

Related suppliers

Follow us


View more