November 20 2019, David R Brown
IMCD expands LATAM presence by acquiring Colombian specialty distributor Unired Químicas
IMCD N.V. ("IMCD"), a leading distributor of specialty chemicals and food ingredients, has announced that it has acquired 100% of the outstanding shares of the Colombia-based ingredient distributor, Unired Químicas SAS ("Unired"). With an office in Bogota, Colombia, Unired distributes specialty chemicals and ingredients to the pharmaceutical, food and personal care markets.
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 presenceMarcus Jordan
President of IMCD Americas
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. In 2018, Unired generated a revenue of USD 8 million and has approximately 15 employees. The company will be fully integrated with IMCD's organisation in 2020.
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.”
About IMCD N.V.
IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends. Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 2,379 million in 2018 with more than 2,800 employees in over 45 countries on 6 continents. IMCD's dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 37,000 customers and a diverse range of world class suppliers
Source(s): IMCD Press Release