Capitol Ingredients acquired by IMCD Group

Sydney-based specialty ingredients distributor Capitol Ingredients Australia has been acquired by IMCD Group. Capitol will be consolidated with staff from the IMCD Personal Care team and will run as a separate division of IMCD ANZ.

The companies say the acquisition will benefit both customers and suppliers as the merged companies will offer a broader product range, greater local market coverage and further technical support.

Capitol’s laboratory facility will continue to support the Capitol Ingredients/IMCD business. Operated by a PhD-qualified technical and formulation expert, the facility will continue with development work and will enable customers to test their formulations’ performance.

In addition to the Capitol laboratory, IMCD ANZ will have another from the acquisition of Muskvale in 2012, which targets the flavour, essential oils and fragrance markets.

“We are very excited to have the opportunity to join forces with such a reputable international player like IMCD as it will enable us to strengthen our presence in the market through expanding our current network and gaining additional leading suppliers,” said Fred Johnson, founder of Capitol Ingredients.

“This is an important step for IMCD as the acquisition will bring a significant number of new principal partners into the IMCD business,” said Managing Director Rene den Hertog, IMCD Australia New Zealand. “In addition, our marketing and sales resources will be increased for stronger market penetration and extended support for our customers.”