Switzerland’s IMPAG Group, a distributor of speciality chemicals and raw materials to the life science and material science industries, has obtained Mumbai-based Broadways Chemtech LLP, a distributor of speciality and performance chemicals, and installation IMPAG India Pvt. Ltd. The deal marks the group’s entry into the Indian market.
Broadways has more than 24 years of experience in construction chemicals, coatings and selected industrial applications. It has long-standing relationships with supply partners and a customer base across India. The business will persist to operate as IMPAG India Pvt. Ltd. And will focus on increasing existing activities, reinforcing consumer and supplier partnerships, building local capabilities and selectively developing its presence in India.
Mr. Remo Bernardi, CEO of IMPAG Group, stated the acquisition and the establishment of IMPAG India open a new chapter for the group. Working with the Broadways team, he mention, IMPAG is building a platform for long-term growth in “one of the world’s most attractive speciality chemicals markets”.
IMPAG stated Europe stays its core market and strategic base. India adds local market expertise, permits an exchange of know-how and deepens relationships with supply partners. The group serves customers and suppliers in Europe through its own subsidiaries in numerous countries.
Mr. Chirag Shah, owner and managing director of Broadways, stated the company chose IMPAG for its entrepreneurial mindset, customer-centric strategy, shared values and long-term perspective. He will assist the business via the transition phase and contribute to the development of IMPAG India.
