IMCD buys in South Africa and Brazil
Global chemical distributor IMCD has made two further acquisitions to expand its presence in South African distributor Siyeza Fine Chem and VitaQualy of Brazil. Terms were not disclosed in either case.
Johannesburg-based Sizeya was founded in is active in pharmaceutical, veterinary, food and personal care speciality chemical ingredients. It employs 27 people, who will remain with the firm and generated a revenue of €11.7 million in 2019. The deal will close at the end of 2020, subject to customary regulatory review.
VitaQualy is a speciality ingredient distributor in the food, nutrition, pharmaceuticals and nutraceuticals markets located in São Paulo. In 2019, it had revenues of BRL 26 million and it has eight employees to the IMCD Brasil team. The company will be fully integrated into IMCD’s organisation in 2021.