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L.V. Lomas provides IMCD with a significant presence in Canada and an enhanced position in the US.
August 8, 2017
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
IMCD has announced that it will acquire 100% of the Canadian and US specialty chemicals and ingredients distributor L.V. Lomas. L.V. Lomas provides IMCD with a significant presence in Canada and an enhanced position in the US. 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 America’s leading distributors of specialty chemicals, ingredients and raw materials, and provides 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.
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