IMCD México expands into the advanced materials market with the acquisition of PromaPlast®
August 23 2022 - 1:00AM
IMCD México expands into the advanced materials market with the
acquisition of PromaPlast®
ROTTERDAM, The Netherlands (23 August 2022) –
IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces that it has
signed an agreement to acquire 100% of the shares of PromaPlast
Resinas, S.A. de C.V., Proveedora de Materiales Plásticos, S.A. de
C.V. and PromaPlast USA Inc. (jointly “PromaPlast”), an advanced
materials distributor which serves the Mexican and U.S.
markets.
“The acquisition of PromaPlast is an exciting step into a major
new market for IMCD México and further expands our capabilities in
the U.S.,” said Olivier Champault, Business Group Director, IMCD
Advanced Materials. “PromaPlast is a complementary addition to our
global network of advanced materials experts and underscores our
commitment to expanding opportunities for customers in Mexico and
suppliers seeking a strong, reliable channel partner in the
region.”
In 2021, PromaPlast celebrated 25 years as a market leader since
it was established in 1996. It is a privately owned company and
boasts a highly diversified portfolio of resins and compounds to
serve the packaging, footwear, consumer goods, home appliances,
automotive and other industrial markets, plus additive
masterbatches.
“This acquisition is a natural progression into the next phase
of PromaPlast’s 25-year history,” said Ricardo Méndez, General
Manager, PromaPlast. “Our market reputation and steady growth
throughout the years have led to this moment to join a global
market leader. PromaPlast’s shareholders are pleased to find in
IMCD a company with integrity that will value our talent and
further develop the business and partnerships we built throughout
the years. With IMCD’s range of resources, capabilities and global
network, our team’s horizon has expanded to reach greater
heights—we are looking forward to work towards an exciting future
together.”
Headquartered in Based in Lerma, Mexico, PromaPlast is ISO
9001-2015 and IMMEX certified and comprised of six sales offices,
strategically located warehouses, and 109 employees, with 43
technical sales executives providing nationwide commercial support
throughout Mexico, and parts of the U.S. The closing of the
transaction is expected to take place in September 2022.
“Welcoming PromaPlast to IMCD aligns with our global strategy to
be the local leader in all of our core markets,” said Miguel
Ruiseñor, Managing Director, IMCD México. “This latest acquisition
maintains the steady growth momentum we have in our region.”
Attached, is a pdf version of the full press release, the
primary visual, and the photo caption.
- IMCD Mexico acquires PromaPlast
- Press release_IMCD Mexico acquires PromaPlast
- photo caption_IMCD Mexico acquires PromaPlast
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