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Markets :: Specialty Chemicals :: Paints and Coatings

IMCD acquires majority stake in Brazil specialty chemical distributor

6:00 AM MDT | September 5, 2013 | Francinia Protti-Alvarez

IMCD Group (Rotterdam) has acquired a majority interest in Makeni Chemicals (São Paulo), a specialty chemical distributor in Brazil, IMCD has announced. Financial details of the transaction have not been disclosed. The founding owners will continue to hold a minority stake in the business. The acquisition marks IMCD's entry in the Latin American market. "This is an important step in the realization of our strategy to develop in the largest country of Latin America and one of the leading economies in the world," says Piet van der Slikke, CEO...

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