“Following the acquisition of Andes Chemical Corp. by IMCD nine months ago, the acquisition of Quelaris further strengthens IMCD’s presence and offering in Northern LATAM,” said Marcus Jordan, President Americas of IMCD. “The addition of Quelaris further strengthens our approach to creating growth opportunities for our supplier and customer partners, and we are excited to embark on this new adventure with the Quelaris team.”
Generating approximately $52 million in revenue in 2021, Quelaris was established in 1993, operates in 14 LATAM countries and adds 46 employees to IMCD. It has a strong presence in the polyurethane, coatings, adhesives, rubber and other industrial markets across the region.
“IMCD and Quelaris have aligned their business philosophies when it comes to customer, supplier and employee relationships,” said Paul Vanhauw, CEO of Quelaris. “This quickly established trust between our businesses and by joining together, we greatly strengthen our ability to serve our respective industry partners.”
Closing of the transaction is expected to occur in March 2022.