Miami-based Distributor will further enhance IMCD’s Footprint in Latin America and Caribbean
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Andes Chemical Corp. [“Andes Chemical”] (Doral (Miami), FL – United States), a distributor covering Central American and Caribbean countries as well as Colombia and Peru, in a move expanding its presence in Latin America and throughout the Caribbean.
Established in 1986, Andes Chemical today serves the Coatings, Adhesives, Sealants & Elastomers (“CASE”), Construction, Cosmetics, Personal Pare, Plastics, Pharmaceuticals, and HI&I industries from distribution centers in Costa Rica, Republica Dominica and Peru. In 2020 the company generated revenues of USD 46 mn, IMCD said in the announcement. The acquisition adds 43 employees to the IMCD Americas team. An innovation laboratory for CASE, located in the Miami area, provides product and formulation development support.
No financial details were disclosed on this transaction.
Source: IMCD Press Release, Andes Chemical Corp website
HGE – DCG / 19.05.2021
German Distribution Group expands to the Iberian Peninsula
Chemicals distributor OQEMA AG (Mönchengladbach, Germany) has announced the acquisition of Proquibasa S.A. (Barcelona, Spain) for an undisclosed sum. The company focuses on Coatings, Construction & Adhesives, Industrial Cleaning, Textile & Water Treatment, Food, Feed and Pharma. It has been active in the Spanish distribution market for over 40 years, and more recently also in Portugal and North Africa.
Proquibasa has two main warehouses, located in Barcelona and Madrid, and a network of warehouse locations across Spain and Portugal. Proquibasa’s range of commodity and semi-speciality products and their value-added services are seen as a perfect fit with OQEMA’s “full-line” distribution offering. Ivan Sanchez, who has managed Proquibasa with its team of more than 60 employees since 2016, will continue to lead the company, OQEMA said in the announcement.
No financial details were disclosed on the transaction.
Source: OQEMA press release
HGE – DCG / 16.03.2021
U.S. Subsidiary of Netherlands-based Life Science Ingredients Distributor expands Business
Maroon Group LLC (Akron, OH – United States), the U.S. subsidiary of life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) last week announced that it has acquired the raw materials and specialty chemicals distribution business of packaging and constainers supplier The Cary Company (Addison (Chicago), IL – United States) for an undisclosed sum. The business acts as a specialty distributor in the Paint & Coatings, Adhesives and Plastics markets. According to the announcement, the transaction represents an ideal fit with Barentz’ strategy to support customers and principals / suppliers through industry-focused sales and technical teams with a dedicated sector coverage.
The management team, led by Brian Ehlert, will continue to actively manage the business on a day-to-day basis. It will remain located in the Chicago, IL area. Warehousing and logistical services for the business will continue to be provided by The Cary Company.
No financial details were provided on this transaction.
Source: Barentz press release, The Cary Company website
HGE – DCG / 12.03.2021
Continued Consolidation in the U.S. Distribution Market
U.S. regional full-line distributor JNS-Smithchem, LLC (Paterson, NJ – United States) recently announced the acquisition of CheMarCo, Inc. (Greenville, SC – United States), a distributor of specialty chemicals with regional activities in the southeastern part of the country. CheMarCo was established in 1981 and besides additives from ca. 30 suppliers also distributes technical equipment.
The combined distribution territory covers 26 states, including the entire east coast, from New England to Florida and west to Ohio, Oklahoma, and Texas. The product lines focus on the Paints, Coatings, Inks, Adhesives, Building Materials, Plastics and Rubber amongst others. In 2019, JNS-Smithchem alone had sales of ca. USD 30 mn.
No financial details were disclosed on the transaction.
Source: JNS-Smithchem website, CheMarCo website
HGE – DCG / 08.02.2021
German Distributor adds Storage Space in Poland for further Growth in CEE
Speciality chemicals and formulated products distributor Bodo Möller Chemie GmbH [“BMC”] (Offenbach am Main, Germany) has relocated the main office of the group’s Polish subsidiary Bodo Möller Chemie Polska sp. z o.o. to a completely new building located in Suchy Las, northwest of Poznań. The new facility, which includes a warehouse of 1’000 m2, offering 600 pallet spaces, including 25 for chilled storage, is approved for the handling of ADR-goods / hazardous materials. Two specially qualified warehouse operators have been added to the staff. The location is close to an access point to the Polish motorway system, allowing for easy incoming and outgoing transport of goods by truck.
BMC’s Adhesives Competence Center and the Adhesives Laboratory will remain at its existing location in the High Technology Incubators Complex of the Poznań Science and Technology Park operated by Adam Mickiewicz University Foundation.
The opening of the new facility allows BMC not only to serve customers in Poalnd better, but will facilitate growth in the Czech Republic and Slovakia, Frank Hauk, Managing Director of Bodo Möller Chemie said in a statement.
Source: Bodo Möller Chemie press release
HGE / DCG – 07.04.2020