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