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
Enhanced Position in the North American Life Science Sector for Specialties Distribution Group
Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire 100% of the outstanding shares of Vigon International, Inc. [“Vigon”] (East Stroudsburg, PA – United States), for an undisclosed sum. The company is active as a specialty chemicals distributor and manufacturer of ingredients for the Flavours, Fragrances, and Cosmetics market segments. The product portfolio includes flavours, natural and synthetic aroma chemicals, actives, functional ingredients, and essential oils.
Founded in 1988 by Steve Somers Sr., Vigon today has 120 employees. The company represents some of the world’s most prominent flavors & fragrance producers and ingredient manufacturers, serving over 1’000 customers. Today it is owned and managed by a father-and son team, Steve Somers Sr. (father), and Steve Somers Jr. (son). Both will remain with the company after closing of the transaction and continue to lead the business, according to the announcement.
Azelis said the acquistion of Vigon will provide access to strategic end markets that a are non-cyclical and steadily growing and also enhances its position in the Life Sciences sector.
No financial information was disclosed on the transaction, which is expected to be completed during Q2-2021, according to Azelis’ press release.
Source: Azelis press release
HGE – DCG / 07.05.2021
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