IMCD Colombia to acquire the distribution business of Joli Foods S.A.S. to strengthen its food and nutrition portfolio
27 Dezembro 2023 - 3:00AM
IMCD Colombia to acquire the distribution business of Joli Foods
S.A.S. to strengthen its food and nutrition portfolio
ROTTERDAM, The Netherlands (27 December 2023) – IMCD N.V.
(“IMCD” or “Company”), a global leading distribution partner, and
formulator of speciality chemicals and ingredients, today announces
that IMCD Colombia has signed an agreement to acquire the
distribution business of Joli Foods S.A.S. (“Joli Foods”) to expand
its food and nutrition business and product portfolio.
“The addition of Joli Foods’ distribution business to IMCD
Colombia’s food and nutrition portfolio is an exciting new
development in our company’s growth history,” said Pilar
Castellanos, Managing Director, IMCD Colombia. “We are pleased to
welcome its team of specialized experts as we join forces to
deliver expanded capabilities to support the needs of a market
seeking innovative solutions. With our strengthened market
offering, we are well equipped to address our customers’
formulatory challenges.”
Established in 1980, the distribution business of Joli Foods is
based in Bogota, Colombia and supplies raw materials to the food,
beverage and nutrition industries. In 2022, the distribution
business generated a revenue of approximately USD 16 million,
representing leading global suppliers that complement IMCD’s
existing partnerships. IMCD welcomes 11 Joli Foods employees to its
local organization.
“We have been impressed with IMCD’s ability to quickly develop
into a leading speciality distribution partner in Colombia,” said
Jorge Eduardo Leon, General Manager, Joli Foods. “As Joli Foods now
focuses its efforts on producing value-added products and consumer
foods, we are pleased to divest our distribution business to IMCD.
With our aligned company values, complementary portfolio and IMCD’s
strong reputation as a multinational leader in this industry, we
believe this acquisition is an important step for the Joli Foods
distribution business to continue to succeed as the industry
evolves.”
The closing of the transaction is subject to customary closing
conditions and is expected to take place in the first quarter of
2024.
Attached, the press release in pdf format, the main visual and
the photo caption.
- Press release_IMCD Colombia to acquire the distribution
business of Joli Foods S.A.S. to strengthen its food and nutrition
portfolio
- photo caption_IMCD Colombia to acquire the distribution
business of Joli Foods S.A.S. to strengthen its food and nutrition
portfolio
- Main visual_IMCD Colombia to acquire the distribution business
of Joli Foods S.A.S. to strengthen its food and nutrition
portfolio
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