Further enhanced Footprint in Latin America to maintain Growth Trajectory in the Region
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Siliconas y Químicos S.A.S. (Bogotá, Colombia), a distributor with activities in Personal Care, Coatings, Silicones, and other speciality chemicals markets, for an undisclosed sum. The acquisition will complement IMCD’s existing Pharmaceuticals, Food and Nutrition business in Colombia.
Established in 2000, Siliconas y Químicos has 25 employees under the leadership of General Manager Pilar Castellanos Pineda, that will join the IMCD team. The company is ISO 9001:2015 certified, and operates across Colombia with outsourced warehouses in strategic locations, IMCD said. In 2020 it generated a revenue of USD 9 mn.
The transaction will take place in two tranches, with IMCD now acquiring 80% of Siliconas y Químicos’ share capital and the remaining 20% in 2022.
Source: IMCD press release
HGE – DCG / 17.05.2021