Tag Archives: Elastomers

Biesterfeld acquires GME Chemicals in Singapore

Expanded Presence in Asia for German Distribution Group

Polymers, elastomers and speciality chemicals distributor Biesterfeld AG (Hamburg, Germany),  has acquired a majority stake in Singapore-based distribution company GME Chemicals Pte. Ltd. (Singapore) for an undisclosed sum. The outstanding shares will be acquired at a later stage, with full take-over planned for the year 2026.

 

Established in 1999 in Singapore, GME Chemicals today has subsidiaries in Malaysia, Indonesia, Vietnam, Thailand and China with a staff of 60 employees. The company is active in performance and industrial chemicals, elastomers and specialty polymers. It supplies customers in sectors such as Petrochemicals, Industrials, Personal Care, Food, Pharmaceuticals and Animal Nutrition.

 

No financial details were disclosed on the transaction.

 

Biesterfeld press release; GME Chemicals website

 

HGE / DCG – 21.10.2021

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

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