Local ingredients firm bought by IMCD

Dutch ingredients and chemicals company IMCD Group has acquired Australian speciality food and pharmaceutical ingredients distributor, Capitol Ingredients.

Capitol Ingredients will be consolidated into the IMCD Personal Care operation and will run as a separate division of IMCD ANZ.

“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.

The joined companies will be able to offer a broader product range, greater local market coverage and further technical support, according to IMCD.

Capitol Ingredients' current laboratory facility, which is operated by a PhD-qualified technical and formulation expert, will continue to support the merged business with development work and testing.

IMCD ANZ will now have two laboratories: one from Capitol Ingredients and one supporting the 2012 acquisition of essential oils and fragrance company, Muskvale.