IMCD Continues Growth in Latin America with Quelaris Acquisition
Established in 1993, Quelaris operates in 14 Latin American countries.
IMCD N.V. has signed an agreement to acquire 100% of the business and the subsidiaries of Quelaris Internacional S.A., a Latin American regional raw material distributor with offices in Colombia, Costa Rica, and Peru. The transaction is expected to close in March 2022.
“Following IMCD’s acquisition of Andes Chemical Corp. nine months ago, the Quelaris acquisition further enhances IMCD’s presence and offering in North LATAM,” said Marcus Jordan, Americas president, IMCD. “The addition of Quelaris further reinforces our approach of creating growth opportunities for our supply and customer partners, and we are delighted to embark on this new adventure with the Quelaris team.”