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
Private Equity owned Distribution Group expands Market Coverage in Italy with Add-on Acquisition
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire 100% of the shares of Came Chemical Mineral and Engineering S.r.l. [“CAME”] (Origgio (VA), Italy). The company is specialized in the distribution of chemicals for “friction & sintering applications”, CASE (Coatings, Adhesives, Sealants & Elastomeres), and Cosmetics.
CAME’s employees will all join Azelis, including two of the owners, Verena Cepparulo and Gianni Minetto. The transaction is expected to close during Q1-2021. No financial information was disclosed on the transaction.
Source: Azelis press release
HGE – DCG / 29.01.2021
Consolidation in German Distribution Market continues
Privately held chemical distributor VMP Chemiekontor GmbH (Siegburg, Germany) has recently announced the acquisition of Quaan GmbH (Hamburg, Germany), a trader and distributor of Additives, Fillers, Pigments, Resins and Solvents for the CASE (= Coatings, Adhesives, Sealants & Elastomers) sector from sole shareholder Harry Reimers for an undisclosed sum.
Source: VMP Chemiekontor website
HGE – DCG / 18.01.2021
U.S. based Distributor expands Footprint in China with Asset Deal for Silicones Distribution
Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) recently announced that its wholly owned subsidiary, Univar Solutions China Co. Ltd., has reached an agreement with Zhuhai Techi Chem Silicone Industry Corporation [“Techi Chem“] (Zhuhai, Guangdong Province – China) to acquire the business to distribute innovative specialty silicone solutions used primarily for the Coatings, Adhesives, Sealants, and Elastomers (“CASE” ) market for an undisclosed amount.
The entity, which was established in 2001, has in-depth application know-how and an extensive logistics network across China. The transaction is expected to close in mid-December. No financial details were disclosed.
Source: Univar press release
HGE – DCG / 07.12.2020
Netherlands-based Life Science Ingredients Distributor invests in a significant Expansion of its Activities in North America
Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has entered into a definitive agreement to acquire Maroon Group [“Maroon”] (Avon, Ohio – United States) a leading specialty chemicals distributor in North America with national operations covering the the U.S. market as well as activities across Canada through its subsidiary Cambrian Solutions Inc. (Oakville, Ontario -Canada).
Founded in 1977, Maroon generates an annual turnover of approx. USD 500 mn, the statement said. The group has approx. 300 employees that cover sectors such as HI&I [Cleaning], Personal Care & Pharmaceutical, Food & Nutrition, and CASE [Coatings, Adhesives, Sealants & Elastomers] across North America, supported by technical expertise and several specialised application laboratories. According to Barentz, Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.
No financial details were disclosed on the transaction, which is expected to close by end of this year.
Source: Barentz press release, Maroon Group website, Cambrian Solutions website
HGE – DCG / 15.10.2020