TAGS: Sealants
IMCD, a distributor of specialty chemicals and ingredients, announces acquisition of Andes Chemical. This acquisition marks IMCD’s debut in Central America and Peru, expanding its presence in Latin America and throughout the Caribbean.
Strengthening IMCD’s Presence in Americas
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Andes Chemical strengthens IMCD’s presence in America and opens opportunities for development in countries new to the business,” said Marcus Jordan, Americas president, IMCD. “
Andes Chemical’s focus on specialty chemicals and strength in core markets was suitable fit and complements the presence in the region. The acquisition will enhance IMCD’s Americas footprint and offerings.”
Andes Chemical is a distribution partner to specialty chemical manufacturers. Headquartered in the Miami metropolitan area, it is active in Caribbean and Central American countries, Colombia, and Peru. Andes Chemical serves the coatings, adhesives, sealants, and elastomers (CASE), construction, cosmetics, personal care, plastics, pharmaceuticals, and HI&I industries.
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IMCD has displayed growth over 25 years,” said Fernando J. Espinosa, Jr., President, Andes Chemical. “
Andes Chemical will accelerate growth potential with IMCD and will enhanced commercial capabilities. The global network of formulatory specialists will add value to both the company supply partners and customers.”
The acquisition of Andes Chemical adds 43 employees to IMCD’s Americas team, and a CASE innovation laboratory located in Miami which provides product and formulatory support.
Source: IMCD