IMCD N.V., a distributor of specialty chemicals and ingredients, announced that it has signed an agreement to acquire 100% of the business and the subsidiaries of Quelaris Internacional S.A., a Latin America (LATAM) regional raw material distributor with offices in Colombia, Costa Rica and Peru.
“Following IMCD’s acquisition of Andes Chemical Corp. nine months ago, the Quelaris acquisition further enhances IMCD’s presence and offering in North LATAM,” said Marcus Jordan, IMCD Americas president. “The addition of Quelaris further reinforces our approach of creating growth opportunities for our supply and customer partners.”
Generating a revenue of approximately USD $52 million in 2021, Quelaris was established in 1993, operates in 14 LATAM countries and adds 46 employees to IMCD. It has strong presence in the polyurethane, coatings, adhesives, rubber and other industrial markets throughout the region.
The post IMCD to Acquire Quelaris Internacional S.A. appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/imcd-quelaris/
via IFTTT
No comments:
Post a Comment