Tag Archives: Latin America

IMCD to acquire Mexican Distributor Materias Químicas de México S.A. de C.V.

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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

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

IMCD to acquire Columbian Distributor Siliconas y Químicos S.A.S.

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Further enhanced Footprint in Latin America to maintain Growth Trajectory in the Region

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Siliconas y Químicos S.A.S. (Bogotá, Colombia), a distributor with activities in Personal Care, Coatings, Silicones, and other speciality chemicals markets, for an undisclosed sum. The acquisition will complement IMCD’s  existing Pharmaceuticals, Food and Nutrition business in Colombia.

  

Established in 2000, Siliconas y Químicos has 25 employees under the leadership of General Manager Pilar Castellanos Pineda, that will join the IMCD team. The company is ISO 9001:2015 certified, and operates across Colombia with outsourced warehouses in strategic locations, IMCD said. In 2020 it generated a revenue of USD 9 mn.

 

The transaction will take place in two tranches, with IMCD now acquiring 80% of Siliconas y Químicos’ share capital and the remaining 20% in 2022.

 

Source: IMCD press release

 

HGE – DCG / 17.05.2021

Azelis has hired Eduardo Salinas as Managing Director Latin America

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Specialty Chemicals Distribution Group plans for Expansion in Latin Amercia

Specialty chemicals distributor Azelis S.A. (Munsbach, Luxembourg) has announced the appointment of Eduardo Salinas as Managing Director Latin America (LATAM) within its Azelis Americas regional unit. He will report to Frank Bergonzi, CEO Americas and is charged with geographic expansion in the region, particularly through the group’s M&A strategy, the annnouncemnt stated. Azelis has entered Latin America with the acquisition of Mexican distributor Megafarma in early 2020.  

Salinas holds a degree in Chemical Engineering from UNAM, Mexico City and an MBA from ITAM University, Mexico city. Previous stations in his career were distributors GTM Holdings S.A. and High Chem Specialties Mexico, where he was a co-founder, as well as chemical producers Air Products, Eastman and Ciba Geigy.

Source: Azelis press release, LinkedIn, DistriConsult analysis

HGE – DCG / 28.12.2020

Azelis to acquire Mexican Distributor Megafarma

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Entry into Latin America for Azelis with Acquisition in Mexico

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 Megafarma S.A. de C.V. (Mexico City, mexico), a specialty chemicals distributor for the Pharmaceutical, Veterinary and Food Industries in all regions of Mexico

Megafarma was established in 1973. Besides its head office in Mexcio City, it has locations in Guadaljara and Monterrey.

No financial information was disclosed on the transaction, which is expected to close in the coming months.

Source: Azelis press release, Megafarma website

HGE – DCG / 18.12.2019

IMCD has acquired Colombian Pharma Distributor Unired Químicas

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Third Acquisition this Month for IMCD further enhancing Presence in the Pharma Sector

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has acquired 100% of the outstanding shares of specialty chemicals and ingredients distributor Unired Químicas SAS  (Bogota, Colombia). 

 

Unired serves customers in the Pharmaceutical, Food and Personal Care markets. Founded in 1991, the company generated revenues of USD 8 mn with 15 employees in 2018.

 

No financial details were disclosed on the transaction. The acquired company will be fully integrated into IMCD’s organisation during 2020.

 

Source: IMCD press release, Unired website

 

HGE – DCG / 22.11.2019