Seale & Associates Advises Andes Chemicals on Sale of Business to IMCD
Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to Andes Chemical Corp. ("Andes Chemical"), on the acquisition by IMCD N.V. (“IMCD”), a global leader in the sales, marketing and distribution of specialty chemicals and ingredients.
Andes Chemical Corp. is a distributor of specialty chemicals throughout Latin America that provides formulation solutions and logistics, making it a preferred partner for customers and suppliers. Its state-of-the-art distribution and warehouse facility in Miami offers a hands-on approach to an international supply chain with proficiencies in freight consolidation, documentation and export regulatory compliance. Andes Chemical also operate a Customer Innovation Center laboratory, where formulation expertise and cross regional knowledge provide cost effective solutions tailored to meet the needs of customers, while serving as a local resource to suppliers. Its Miami headquarters are complemented by offices and distribution centers in Dominican Republic, Costa Rica and Peru, serving as hubs for the Caribbean, Central American, and Andean regions. The company serves the coatings, adhesives, sealants and elastomers (CASE), construction, cosmetics, personal care, plastics, pharmaceuticals and HI&I industries. In 2020, Andes Chemical had US$46 million in sales.
"Andes Chemical has built a tremendously successful specialty chemical distribution platform in the Americas with a stellar reputation. We congratulate our client and the employees of Andes Chemical and wish them continued success and growth following their acquisition by IMCD,” stated Sergio Garcia, Managing Director, Seale & Associates.
"Seale provided us with valuable guidance on a wide range of important topics during the process and served as a trusted advisor in helping us to structure a successful transaction with IMCD that exceeded our family objectives and expectations," stated Fernando J. Espinosa, Jr., President, Andes Chemical. "Seale advocated forcefully on our behalf while maintaining the utmost integrity and professionalism to ensure we maintained a positive relationship with IMCD throughout the sale process. We could not be more pleased with the advice and service we received."
“We are pleased to have successfully closed this important acquisition and further consolidating our position as a specialty chemicals leader in the Americas region," stated Marcus Jordan, Americas President, IMCD. "We were impressed with the professionalism of Seale & Associates who acted on the Sellers side and hope to have the opportunity to work with them again on future transactions”.
IMCD is a market-leader in the sales, marketing, and distribution of specialty chemicals and ingredients. Its result driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas and Asia Pacific, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends. Listed at Euronext, Amsterdam (IMCD), IMCD generated sales of EUR$2.775 billion in 2020 with nearly 3,300 employees in over 50 countries on 6 continents. IMCD's dedicated team of technical and commercial experts work in close partnership to tailor best-in-class solutions and provide value through expertise for around 50,000 customers and a diverse range of world class suppliers. For more information, please visit www.imcdgroup.com.
Seale & Associates, Inc., is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.