We are proud to announce the successful closing of the acquisition of Andes Chemical by IMCD, resulting in a large expansion to Central America, Peru, and the Caribbean. Andes Chemical was represented by our own corporate law firm in Miami
Andes Chemical Corp. is a distributor of specialty chemicals in Latin America that provides formulation solutions along with logistics. Headquartered in Miami, the company has offices throughout Dominican Republic, Costa Rica, and Peru and currently serves as the hub for the Caribbean, Central America, and Andean regions. Their success and market position make them a preferred partner among customers and suppliers and a great working opportunity for IMCD. Andes Chemical has been a global leader since 1986 – in 2020 alone, they generated over 46 million USD.
IMCD is a global supplier of specialty chemicals and ingredients. The company has been around since 1995, and currently serves suppliers and customers across EMEA, North America, South America, and the Asia-Pacific regions, along with a comprehensive product portfolio that includes innovative formulas. Their customer base ranges upward of 50,000.
“IMCD has displayed impressive growth over the past 25 years, so joining the company to further progress its storyline together is an exciting opportunity for us and our partners…We are ready to accelerate the growth potential with IMCD in the region and are confident that the enhanced chemical capabilities and global network of formulary specialists will add great value to both our supplier partners and customers,” says Andes Chemical’s President, Fernando J. Espinosa, Jr.
The merger – closed with the help of Alvarez & Diaz-Silveira M&A attorney in Miami – is a huge win for the company, and we are happy to be a part of that journey.