December 11 2023, David R Brown

Tricon Energy have announced the successful acquisition of Polymat and Q-Logistics, a Mexico-based logistics service provider and distribution leader in polymers, engineering plastics, and additives. This strategic move marks a significant milestone in Tricon's commitment to the Mexican market and enables the company to better serve customers across the Americas with efficient polymer distribution and logistics.

We are pleased to join Tricon, a global leader in the polymer distribution market, and combine our experience to better serve the market in Mexico and beyond

Angel Oria
General Manager at Polymat

The acquisition of Polymat aligns strategically with Tricon's focus on growth and customer service. Polymat has more than 35 years of serving customers across Mexico with a diverse product portfolio, three terminal shipment centers (Centros Embarcadores Autorizados, or CEAs), and more than five warehouses across the region. This acquisition is not only expected to open new doors for Tricon but to also create further opportunities for synergy and further solidifies Tricon's position in the polymer distribution market.

Alfredo Prince, Tricon's Distribution Director for North America, noted, “This acquisition serves as evidence of Tricon's growth in the Americas and our commitment to providing business partners with the best value through efficient logistics and distribution. We look forward to leveraging the strengths of Polymat to deliver greater value to our customers.”

Angel Oria, Polymat's General Manager, stated, “We are pleased to join Tricon, a global leader in the polymer distribution market, and combine our experience to better serve the market in Mexico and beyond. This combination validates the success of Polymat over our 35+ years in business and marks the next chapter in our growth together with Tricon.”

About Tricon
With over 27 years in business, Tricon is an industry leader in the global trade and distribution of chemicals. Our purpose is to efficiently and sustainably connect the world with essential goods. We do that by providing logistics, financing, risk management, sustainability, market intelligence, distribution, and technical support to thousands of business partners in over 120 countries. In 2022 Tricon Energy reported revenues of USD 12.53 billion.

Source(s): Tricon Energy Press Release

Further Information

Visit: https://www.triconenergy.com