Italmatch Chemicals, a Global Specialty Chemical Group leader in the production and marketing of performance additives for lubricants, industrial water & process treatment, oil & gas, and plastics, acquired Sudamfos do Brasil, a Brazilian distribution company, specialized in marketing of phosphonates, phosphates and other specialty chemical products, through its recently created local subsidiary Italmatch Do Brasil Partipações Ltda.
The amount of the deal was not disclosed.
This transaction gives Italmatch Chemicals a stronger presence in the Latin American market, as well as reinforces the overseas growth and development recently undertaken by the Group in the American Continent. It follows the recent acquisition of Compass Chemical International, a North American independent chemical company specializing in the production and marketing of water and oil performance additives.
of Italmatch Chemicals, stated “This new acquisition signals our entry into a market of great interest and potential for the Group, such as Latin America, where the Group will benefit from the know-how and the local experience of Sudamfos do Brasil”.
Founded in 1997, and led by Sergio Iorio, CEO, Italmatch Chemicals is an innovative chemical group, specialized in performance additives for lubricants, water treatment, oil & gas and plastics, and boasts a wide product range able fulfil the requirements of the most demanding applications, including personal care. The group generates €340m in revenues and operates through six manufacturing plants in Europe (Italy, Spain, Germany and UK), four in Asia Pacific (China and Japan), two in North America (USA) and sales/distribution subsidiaries in Belgium, China, Japan, India, Poland, Singapore and the USA.
It employs over 500 workers.
Italmatch Chemicals is a portfolio company of independent private investment firm Ardian, which acquired the majority of the company along with the management in July 2014.