IMCD reaches Agreement on the Acquisition of Selectchemie LTDA in Brazil
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) earlier this month announced that the group has reached agreement on the acquisition of all of the outstanding shares of Selectchemie LTDA (Sao Paulo, Brazil), a distributor of pharmaceutical ingredients in Brazil.
Originally founded in 1970, the company is owned by Selectchemie AG (Zurich, Switzerland) and two of the current managers. Revenues in 2014 were BRL 68 mn with 43 staff. The portfolio includes an broad range of excipients and active pharmaceutical ingredients, which complements IMCD’s existing position in Brazil, the statement said.
After completion of the acquisition, which is expected before the end of 2015, the company will continue operation with its present management and staff.
Source: IMCD website
HGE – DCG / 23.12.2016