IMCD enters Brazil via Makeni acquisition

Dutch specialty chemicals distributor IMCD Group has acquired a majority interest in Makeni Chemicals, a leading specialty chemicals distributor in Brazil. Founded in 1981 and headquartered in São Paulo, Makeni has a sales revenue of Brazilian real BRL200m and employs more than 100 staff. The founding Medrano family will keep a minority interest in the business, with Reinaldo Medrano continuing to act as Managing Director of the company.

The company has a laboratory for quality control and two application labs, as well as nine sales representative offices throughout Brazil. Its main warehouse facility is located in Diadema, São Paulo with both bulk and liquid storage capacity.

Commenting on the agreement, Piet van der Slikke, CEO of IMCD Group, said: "This is an important step in the realisation of our strategy to develop in the largest country of Latin America and one of the leading economies in the world. We are proud to be associated with such a strong partner in Brazil and we look forward to working together with the staff to further develop the business."

"We are very excited to have the opportunity to join forces with such a reputable international player like IMCD as it will enable us to expand in Brazil and further strengthen our services to our suppliers and customers," added Makeni founder Rubens Medrano.