IMCD acquires raw material distributor Quelaris
IMCD has signed an agreement to acquire 100% of the business and the subsidiaries of Quelaris Internacional, a LATAM regional raw material distributor with offices in Colombia, Costa Rica and Peru.
Generating a revenue of approximately USD 52 million (ca. EUR 51 million) in 2021, Quelaris was established in 1993, operates in 14 LATAM countries and adds 46 employees to IMCD. It has strong presence in the polyurethane, coatings, adhesives, rubber and other industrial markets throughout the region.
Closing of the transaction to take place in March 2022
“Following IMCD’s acquisition of Andes Chemical Corp. nine months ago, the Quelaris acquisition further enhances IMCD’s presence and offering in North LATAM,” said Marcus Jordan, Americas President, IMCD. “The addition of Quelaris further reinforces our approach of creating growth opportunities for our supply and customer partners, and we are delighted to embark on this new adventure with the Quelaris team.” The closing of the transaction is expected to take place in March 2022.
