Home Business Italian Italmach  Chemicals buys Sudamfos

Italian Italmach  Chemicals buys Sudamfos

415
0
SHARE

 

Italmatch Chemicals, a global specialty chemical group (with headquarters in Genova, Italy) – that produces performance additives for lubricants, industrial water & process treatment, oil & gas, and plastics, has acquired Sudamfos do Brasil, a leading Brazilian distribution company, specialized in marketing of phosphonates, phosphates and other specialty chemical products, through its recently created local subsidiary Italmatch do Brasil Partipações Ltda.

This transaction gives Italmatch Chemicals a stronger presence in the Latin American market, as well as reinforces the overseas growth and development recently undertaken by the Group in the American Continent. It, indeed, follows the recent acquisition of Compass Chemical International, a leading North American independent chemical company specialising in the production and marketing of water and oil performance additives.

Sergio Iorio, CEO of Italmatch Chemicals, stated “This new acquisition signals our entry into a market of great interest and potential for the Group, such as Latin America, where the Group will benefit from the know-how and the local experience of Sudamfos do Brasil”. “This transaction represents a further milestone.