IMCD expands in Central America, Peru, and the Caribbean with the acquisition of Andes Chemical Corp.
19 Mai 2021 - 7:00AM
IMCD expands in Central America, Peru, and the Caribbean with the
acquisition of Andes Chemical Corp.
ROTTERDAM, The Netherlands (19 May 2021) – IMCD
N.V. (“IMCD” or “Company”), a leading distributor of speciality
chemicals and ingredients, today announces the acquisition of Andes
Chemical Corp. (“Andes Chemical”). This acquisition marks IMCD’s
debut in Central America and Peru, expanding its presence in Latin
America and throughout the Caribbean.
“Andes Chemical further strengthens IMCD’s presence in
the Americas region and opens exciting opportunities for
development in countries new to our business,” said Marcus Jordan,
Americas President, IMCD. “Andes Chemical’s focus on speciality
chemicals and strength in a number of IMCD’s core markets was an
excellent fit and perfectly complements the presence we have in the
region. We are delighted to welcome the Andes Chemical team to
further enhance IMCD’s Americas footprint and
offering.”
Andes Chemical has been a distribution partner to
leading speciality chemical manufacturers since 1986, and in 2020,
generated a revenue of USD 46 million. Headquartered in the Miami
metropolitan area, it is active in Caribbean and Central American
countries, Colombia and Peru. Andes Chemical serves the coatings,
adhesives, sealants, and elastomers (CASE), construction,
cosmetics, personal care, plastics, pharmaceuticals, and HI&I
industries.
“IMCD has displayed impressive growth over the past 25
years, so joining the company to further progress its storyline
together is an exciting opportunity for us and our partners,” said
Fernando J. Espinosa, Jr., President, Andes Chemical. “We are ready
to accelerate the growth potential with IMCD in the region and are
confident that the enhanced commercial capabilities and global
network of formulatory specialists will add great value to both our
supplier partners and customers.”
The acquisition of Andes Chemical adds 43 employees to
IMCD’s Americas team, plus a CASE innovation laboratory located in
Miami which provides product and formulatory support.
Attached, please find the press release in pdf format.
- Press Release IMCD Acquires Andes Chemical
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