July 1 2022, David R Brown
Manuchar strengthens its footprint in Brazil by acquiring Cosmoquimica and Cosmolog
Manuchar, a leading distributor of chemicals in emerging markets with headquarters in Antwerp, Belgium, is to acquire 100% of the shares of Cosmoquímica Indústria e Comércio Ltda. and Cosmolog Logística Ltda. in Brazil. This acquisition supports Manuchar's plans to strengthen its leading chemical distribution platform across emerging markets and to expand its global network, both geographically and in terms of its product offering.
Manuchar intends to take a leading role in the consolidation of the global chemical distribution landscape
Philippe Huybrechs
CEO Manuchar Group
Cosmoquímica, established in 1967, is a chemical distributor offering a wide range of national and imported chemical products. Cosmolog is specialized in logistic services and offers general product warehousing, climate-controlled warehouse and storage tanks with capacity for approximately two million litres. Both companies are active in diverse end markets including pharmaceuticals, cosmetics, food and industrial sectors and are headquartered in São Paulo, Brazil.
Renata Agualuza, CEO Manuchar Brazil: “I am glad we have been able to sign this contract that will bring great opportunities and development to the Manuchar and Cosmoquimica/Cosmolog people. This is an investment that will allow Manuchar to improve its position in the Brazilian market, as it will add the infrastructure and expertise of Cosmoquimica and Cosmolog in the pharmaceutical, cosmetic, food and liquid products distributions segments to the global reach and market experience of Manuchar.”
Philippe Huybrechs, CEO Manuchar Group: “The acquisition of Cosmoquimica and Cosmolog fits perfectly into our M&A strategy. Manuchar intends to take a leading role in the consolidation of the global chemical distribution landscape. We are happy to welcome Cosmoquimica and Cosmolog to our Manuchar Group”.
Jayme Marmelsztejn, Managing Director Cosmoquimica: “After more than five decades of services to our clients and having reached a relevant position in the chemical distribution market in Brazil, I am sure that I have found in the Manuchar group the ideal partner to continue the path that Cosmoquimica/Cosmolog have reached so far.”
The closing of the agreement between Manuchar and Cosmoquimica and Cosmolog is subject to the approval of the Brazilian Antitrust Authority ("CADE").
About Manuchar
Manuchar employs 2.250 employees worldwide with local operations in over 35 countries and 125 locations. From its headquarters in Antwerp, it operates a local distribution network across Latin America, Africa, the Middle East and Asia. It handles over 5 million metric tons of goods, generating circa USD 2.5 billion in sales with chemical distribution accounting for about 60% of this total. Manuchar has been present in Brazil since 1993 and today covers the entire country. Its 300 employees are based in its headquarters in Rio de Janeiro and five other offices and operational sites in Recife, São Paulo, Curitiba, Imbituba and Blumenau.
Source(s): Manuchar Press Release
Further Information
Visit: https://www.manuchar.com