IMCD Colombia acquires Siliconas y Químicos
IMCD, Dutch distributor of speciality chemicals and ingredients, has anncounced that IMCD Colombia acquired the Colombian speciality distributor Siliconas y Químicos.
Based in Bogotá, Siliconas y Químicos has experienced steady growth since its inception in 2000, generated a revenue of USD 9 million (EUR 7,4 milion) 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.
Two tranches
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.
“We are delighted to further expand our presence in Latin America with the acquisition of Siliconas y Químicos,” said Marcus Jordan, Americas President, IMCD.
