Brazil market opening for Iorio & Co.
Italmatch Chemicals bought Sudamfos of Brasil in Sao Paulo, a distribution company, specialised in marketing of phosphonates, phosphates and some more specialty chemical products
Italmatch Chemicals acquired Sudamfos do Brasil, a distribution company specialised in marketing of phosphonates, phosphates and other specialty chemical products.
This transaction, made through its recently created local subsidiary Italmatch Do Brasil Partipações Ltda, gives the Italian group a stronger presence in the Latin American market, following 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.
“This new acquisition signals our entry into a market of great interest and potential such as Latin America, where we will benefit from the know-how and the local experience of Sudamfos do Brasil”
commented Sergio Iorio, CEO of Italmatch Chemicals.
“I am honoured and proud to join the Advisory Board of Italmatch Do Brasil; Italmatch Chemicals is an exceptionally strong brand, highly trusted worldwide by its customers and stakeholders. I am looking forward to assisting the Group in achieving a significant growth in the coming years” stated
Andrea Iorio, member of the Advisory Board (Conselho Consultivo) of Italmatch Do Brasil.
Founded in 1997 and backed by private equity firm Ardian of France - the largest European independent private investment company acquired the majority of shares, together with the management, in July 2014 - Italmatch Chemicals, based in Genoa, is a leading innovative chemical group, specialised in performance additives for lubricants, water treatment, oil & gas and plastics, and boasts a wide product range able fulfil the requirements of the most demanding applications, including personal care.
The group generates 340 million Euro in revenues and operates through 6 manufacturing plants in Europe (Italy, Spain, Germany and UK), 4 in Asia Pacific (China and Japan), 2 in North America (USA) and sales and distribution subsidiaries in Belgium, China, Japan, India, Poland, Singapore and the USA, employing over 500 workers.