Aug 19, 2020
Rotterdam, The NetherlandsCorporate
IMCD Bolsters Brazil Speciality Distribution Strategy by Acquiring VitaQualy Comércio de Ingredientes
MCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, today announced it has acquired 100% of the outstanding shares of Brazilian speciality ingredient distributor, VitaQualy Comércio de Ingredientes LTDA (“VitaQualy”).
Based in São Paulo, Brazil, VitaQualy has an asset light business model and holds long-term customer and supplier relationships as an ingredient distributor to the food, nutrition, pharmaceuticals and nutraceuticals markets. In 2019, VitaQualy generated a revenue of BRL 26 million and adds eight employees to the IMCD Brasil team. The company will be fully integrated into IMCD’s organisation in 2021.
“VitaQualy has a 20-year history of serving the industry with tenacity and professionalism,” said Alice Salgado, Owner, VitaQualy. “We are pleased to continue our company’s lifework as part of a trusted global leader that aligns with our core principles and boosts our capabilities to better serve our valued customers and suppliers.”
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