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.

Akzo Nobel acquires Colombia-based paint and coatings manufacturer Grupo Orbis.  Image source: gustavo9917 - Pixabay (symbol image).

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.

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