IMCD continues to build strong LATAM business with the acquisition of Chilean speciality distributor, MAPRIN®
July 19 2023 - 1:00PM
IMCD continues to build strong LATAM business with the acquisition
of Chilean speciality distributor, MAPRIN®
ROTTERDAM, The Netherlands (19 July 2023) – IMCD N.V.
("IMCD" or "Company"), a global leading distribution partner,
formulator of speciality chemicals and ingredients, and solutions
provider, today announces that it signed an agreement to acquire
100% of the shares of REPRESENTACIONES DE MATERIAS PRIMAS
INDUSTRIALES LIMITADA (“MAPRIN®”).
“Our two companies joining forces is an important step in
strengthening IMCD’s presence in this continuously developing LATAM
country. MAPRIN’s portfolio bolsters our capabilities in delivering
effective solutions to customers and creates opportunities for
developing IMCD’s core markets,” said Nicolas Kaufmann, Americas
President, IMCD.
Established in 1975 and headquartered in Santiago, Chile, MAPRIN
is a leading raw materials distributor for the beauty and personal
care industry. It is an ISO 9001:2015 certified company that
demonstrates responsibility in adopting high regulatory and quality
standards to serve the Chilean market. It is privately owned and
features a diverse portfolio of products from leading global
manufacturers of raw materials for use in a variety of applications
in the beauty and personal care industries.
“IMCD’s multinational presence was important in making the
decision to further progress our business through this
acquisition,” said Jorge Croxatto, General Manager and Co-Founder,
MAPRIN. “Its global reputation as a reliable solutions provider and
experience in successfully working with acquired distributors has
accelerated growth throughout LATAM. IMCD’s global reach,
sustainability motives and path to digitalization are future
focused. We are pleased to soon offer these capabilities to
maintain the confidence our customers and partners have in our team
to further drive marketplace innovation.”
MAPRIN generated a revenue of approximately USD $8 million in
2022. IMCD welcomes MAPRIN’s 20 employees to its LATAM
organization.
The closing of the transaction is subject to customary closing
conditions and is expected to take place in August 2023.
Attached, the press release in pdf format, the main visual, and
the photo caption.
- Main visual_IMCD continues to build strong LATAM business with
the acquisition of Chilean speciality distributor, MAPRIN®
- Photo caption_IMCD continues to build strong LATAM business
with the acquisition of Chilean speciality distributor,
MAPRIN®
- Press release_IMCD continues to build strong LATAM business
with the acquisition of Chilean speciality distributor,
MAPRIN®
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