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Chemical Week Magazine :: Business & Finance :: United States/Americas

IMCD acquires control of Brazilian specialty chemical distributor

6:19 AM MDT | September 6, 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. Makeni has annual sales of 200 million reais ($84.7 million), and its market sectors include coatings, construction, adhesives and plastics, personal care, and nutrition. “This is an important...

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