IMCD N.V. recently announced its acquisition of Andes Chemical Corp. This acquisition marks IMCD's debut in Central America and Peru, expanding its presence in Latin America and throughout the Caribbean. The acquisition adds 43 employees to IMCD's Americas team, as well as a CASE innovation laboratory located in Miami that provides product and formulation support.
"Andes Chemical further strengthens IMCD's presence in the Americas region and opens exciting opportunities for development in countries new to our business," said Marcus Jordan, Americas president for IMCD. "Andes Chemical's focus on specialty chemicals and strength in a number of IMCD's core markets was an excellent fit and perfectly complements the presence we have in the region. We are delighted to welcome the Andes Chemical team to further enhance IMCD's Americas footprint and offering."
Andes Chemical has been a distribution partner to leading specialty chemical manufacturers since 1986. The company generated revenue of $46 million in 2020. Headquartered in the Miami metropolitan area, it is active in Caribbean and Central American countries, Colombia, and Peru. Andes Chemical serves a range of industries, including coatings, adhesives, sealants, and elastomers (CASE); construction; cosmetics; personal care; plastics; pharmaceuticals; and household, industrial, and institutional (HI&I).
"IMCD has displayed impressive growth over the past 25 years, so joining the company to further progress its storyline together is an exciting opportunity for us and our partners," said Fernando J. Espinosa, Jr., president of Andes Chemical. "We are ready to accelerate the growth potential with IMCD in the region and are confident that the enhanced commercial capabilities and global network of formulatory specialists will add great value to both our supplier partners and customers."