Nov 20, 2019
19:00 CET - ROTTERDAM, The NetherlandsCorporate
IMCD expands Americas footprint by acquiring Colombian specialty distributor Unired Químicas
IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announced that it has acquired 100% of the outstanding shares of the Colombia-based ingredient distributor, Unired Químicas SAS (“Unired”).
Unired is an excellent fit with IMCD given its specialty focus, asset light business model and long-term relationships with leading suppliers. The acquisition supports the strategy of IMCD to become the leading global specialty chemicals distributor, providing expertise and knowledge-based formulation solutions to its customers.
Marcus Jordan, President of IMCD Americas, commented: “Following IMCD Americas’ acquisitions in the U.S., Canada and Brazil, this is an important next step for IMCD to enter the Colombian market and to expand our LATAM presence. Unired is a reputable pharmaceutical, food and personal care distributor and we very much look forward to working together to further develop our offering to both suppliers and customers in the region.”
Oscar Clavijo, President of Unired, added: “We are delighted to become part of IMCD as the acquisition immediately propels Unired into the future with a larger and more specialized team and added technical know-how.”