Tag Archives: Silicones

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

Univar Solutions acquires CASE Business of Zhuhai Techi Chem in China

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U.S. based Distributor expands Footprint in China with Asset Deal for Silicones Distribution

Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) recently announced that its wholly owned subsidiary, Univar Solutions China Co. Ltd., has reached an agreement with Zhuhai Techi Chem Silicone Industry Corporation [“Techi Chem“] (Zhuhai, Guangdong Province – China) to acquire the business to distribute innovative specialty silicone solutions used primarily for the Coatings, Adhesives, Sealants, and Elastomers (“CASE” ) market for an undisclosed amount.

 

The entity, which was established in 2001, has in-depth application know-how and an extensive logistics network across China.  The transaction  is expected to close in mid-December. No financial details were disclosed.

 
 

Source: Univar press release

 

HGE – DCG / 07.12.2020