E.T. HORN acquired by IMCD
Context
IMCD signed an agreement to acquire 100% of E.T. HORN Company, purchasing all outstanding shares. The acquisition strengthens IMCD's US operations by adding HORN's established West and Southwest regional presence to its existing national platform, moving IMCD closer to full national US coverage with dedicated segment expertise. The transaction is financed from IMCD's available cash and existing credit facilities.
E.T. HORN, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.5x).
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Target
E.T. HORN Company is a US-based specialty chemicals and ingredients distributor founded in 1961, operating primarily in the West and Southwest regions of the United States. The company acts as a representative of specialty chemical and ingredient suppliers across a broad range of end markets including coatings, construction, plastics, personal care, human food and nutrition, animal nutrition, nutraceuticals, and other specialties. HORN operates with a head office in La Mirada, California and employs approximately 200 people. The company has built a strong reputation as a leading regional specialty distributor with deep customer relationships, dedicated segment expertise, and an established supplier network across its core geographies.
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REFERENCES
Revenue range: 250M - 500M USD
EBITDA range: 5M - 25M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.