Further Add-on Acquisition in Latin America to expand Coverage of the Region
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that its subsidiary IMCD México (Mexico City, Mexico) has signed an agreement to acquire Materias Químicas de México S.A. de C.V. [“Maquimex”] (Mexico City, Mexico), a distributor of specialty chemicals for an undisclosed amount.
Established in 1977, the company is an “asset light” distributor, providing commercial and technical expertise in the Preservatives, HI&I, Energy, Water Treatment sectors, as well as other industrial markets. With 44 employees, Maquimex under Luis Katz, General Manager, offers what IMCD called a “robust distribution coverage across México”. Sales activities are supported by an application laboratory.
The closing of the transaction, for which no financial details were communicated, is expected to take place in August 2021.
Source: IMCD press release
HGE – DCG / 19.07.2021
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
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