Consolidation continues in the Brazilian Ingredients Distribution Market
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) announced earlier in the week that it has acquired 100% of the outstanding shares of VitaQualy Comércio de Ingredientes LTDA [“VitaQualy”] (São Paulo, SP – Brazil), a specialty ingredients distributor serving the Food & Nutrition, Pharmaceuticals and Nutraceuticals markets.
In 2019, VitaQualy generated revenues of BRL 26 mn (ca. EUR 7.2 mn) with 8 employees. The company will be fully integrated into IMCD’s organisation in 2021, the statement said.
No financial details were disclosed on this transaction.
Source: IMCD press release
HGE – DCG / 21.08.2020