IMCD N : Colombia expands into new markets through the acquisition of Siliconas y Quimicos
May 14, 2021 at 02:03 pm EDT
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'We are delighted to further expand our presence in Latin America with the acquisition of Siliconas y Químicos,' said Marcus Jordan, Americas President, IMCD. 'The company's strategy of being 'Specialists in Specialities' closely aligns with IMCD and its expertise in personal care, coatings, silicones and other speciality industrial markets perfectly complements our existing pharmaceuticals, food and nutrition business in Colombia.'
Based in Bogotá, Siliconas y Químicos has experienced steady growth since its inception in 2000, generated a revenue of USD 9 million in 2020 and adds 25 employees to the IMCD Colombia team. Siliconas y Químicos is ISO 9001:2015 certified and operates across Colombia with strategic outsourced warehouse locations.
'It is an exciting time to be part of IMCD's growth journey in Latin America,' said Pilar Castellanos Pineda, General Manager, Siliconas y Químicos. 'I am very grateful to our former shareholders for their support in developing a company built on transparency, entrepreneurship and partnership, with a focus on talent development for the future. I look forward to providing our customer and supplier partners an even broader offering, knowing that we share these common core values with a leading global distributor that is IMCD.'
The transaction will take place in two tranches, with IMCD now acquiring 80% of Siliconas y Químicos' share capital and the remaining 20% in 2022.
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IMCD NV published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 18:02:10 UTC.
IMCD N.V. is one of the world's leaders in the distribution of specialty chemicals and food ingredients. The group's activity is organized primarily around 8 markets:
- house cleaning and maintenance products and textile products: surfactants, abrasives, bleaching agents, dyes, solubilizing agents, functional additives, etc.;
- pharmaceutical products: excipients, active pharmaceutical ingredients, solvents, formulation intermediates and chemical synthesis, etc.;
- personal care products: dyes, rheology modifiers, active and functional and sensory ingredients, sunscreen agents, antioxidants, exfoliants, preservatives, etc.;
- coating products: additives, pigments, resins and special solvents;
- nutritional and food products: acids, emulsifiers, oils, fibers, preservatives, sweeteners, enzymes, plant extracts, etc.;
- lubricants: additives, silicone derivatives, esters, corrosion inhibitors, markers, surfactants, etc.;
- chemical products synthesis: monomers, catalysts, reactive diluents, solvents and additives;
- plastic products: mixers, thermoplastic elastomers, polyurethanes, composite materials, etc.
Net sales break down geographically as follows: the Netherlands (1.5%), Europe/Middle East/Africa (42.2%), Asia/Pacific (24.5%), North America (22.3%), and Latin America (9.5%).
IMCD N.V. 
