IMCD further expands its food and nutrition footprint in Latin America with the acquisition of Bretano
20 Março 2024 - 3:00AM
IMCD further expands its food and nutrition footprint in Latin
America with the acquisition of Bretano
ROTTERDAM, The Netherlands (20 March 2024)
– IMCD N.V. (“IMCD” or “Company”), a global leading
distribution partner, formulator of speciality chemicals and
ingredients, today announces that IMCD has signed an agreement to
acquire 100% of the shares of Bretano Costa Rica, S.A., Bretano El
Salvador, S.A de C.V., Bretano Guatemala, S.A., and Grupo Bretano
México, S. de R.L. de C.V. (jointly “Bretano”).
Established in 1961, Bretano is headquartered in Costa Rica,
with commercial and logistics operations in Mexico, Guatemala and
El Salvador. Bretano is one of the leading speciality ingredients
distributors in Latin America for the food industry and supplies
chemicals to construction and other industrial markets. Generating
a revenue of approximately USD 48 million in 2023, Bretano will add
101 employees to IMCD throughout Latin America. In addition,
Bretano adds a food application laboratory, located in Costa Rica,
to IMCD’s global network of technical centres.
“IMCD’s progress to become the distribution partner of choice
throughout Latin America over the past four years has been
remarkable,” said Nicolas Kaufmann, Americas President, IMCD. “As
we embark upon this new journey with Bretano, we are delighted to
align our complementary strategies for growth and build on the
company’s legacy as a speciality distribution leader in the food
industry.”
“After a 60-year history of offering comprehensive, innovative
solutions to the industry, I am pleased to know that Bretano’s
future will continue with a company whose values and principles are
closely aligned with ours,” said Jorge León Dub, President of the
Board of Directors, Bretano. “Bretano is committed to maintaining
its reputation for technical and commercial excellence. We look
forward to the expanded opportunities that will become available to
employees, customers and supplier partners as a result of IMCD’s
international scale and network.”
The closing of the transaction is subject to customary closing
conditions and regulatory approval and is expected to take place in
the second quarter of 2024.
Attached, the full press release in PDF format, the main visual
and photo caption.
- PR_IMCD further expands its food and nutrition footprint in
Latin America with the acquisition of Bretano
- Photo caption_IMCD further expands its food and nutrition
footprint in Latin America with the acquisition of Bretano
- Photo_IMCD further expands its food and nutrition footprint in
Latin America with the acquisition of Bretano
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