Tag Archives: Construction

IMCD acquires Andes Chemical Corp with Activities in Central America and Peru

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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

OQEMA announces the Acquisition of Proquibasa in Spain

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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