Tag Archives: Mexico

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 to divest Nutri Granulations Business in the U.S.

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International Distributor finds new Owner for Manufacturing Facility in California

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that it has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials [“HEM”] (Atlanta, GA – United States), a division of J.M. Huber Corporation [“Huber”] for an undisclosed sum.

 

The manufacturing facility is located in La Mirada, CA and has 22 employees. Nutri Granulations manufactures both, food grade and USP grade Calcium Carbonate granulations for the Nutraceuticals, Food, Over-the-Counter, and Pharmaceuticals markets. It was taken over by IMCD as part of the acquisition of U.S. west coast distributor E.T. Horn in 2018.

 

Closing of the transaction is planned for the end of March 2021, the announcement said.

 

Source: IMCD press release

 

HGE – DCG / 10.03.2021

IMCD to acquire Mexican Distributors Millikan and Banner Química

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Guenther Eberhardguenther

Further Momentum for IMCD’s Growth Plans in Mexico

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Millikan S.A. de C.V. [“Millikan”] and Banner Química S.A. de C.V. [“Banner Química”] (Mexico City, Mexico), two distributors of specialty chemicals. This follows the establishment of IMCD Mexico in April 2020, a company that serves the Pharmaceuticals, Food, Nutrition and Personal Care industries.

 

Millikan was established in 1998 and offers technical support and commercial expertise to customers in the Food, Nutrition, Pharmaceuticals and Industrial markets. Banner Química, set up in 2009, has a history in providing  formulations and solutions for Personal Care and Home Care.

 

The two companies collectively generated revenues of USD 15 mn (ca. EUR 13.1 mn) in 2019 and will add 60 employees to the IMCD Mexico team, the announcement said. IMCD’s technical capabilities will also be enhanced through the addition of Food and Personal Care laboratories. No financial details were disclosed on these two transactions.

 

Source: IMCD press release

 

HGE – DCG / 07.12.2020

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