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IMCD acquires specialties distributor in Brazil

August 20/2020

MOSCOW (MRC) -- IMCD says it has acquired VitaQualy Comercio de Ingredientes LTDA, a supplier of specialty ingredients for the food market in Brazil. Terms of the deal, including purchase price, were not disclosed, said Chemweek.

VitaQualy generated 26 million Brazilian reals ($4.69 million) in revenue in 2019. The acquisition of VitaQualy aligns with our companys global food & nutrition strategy to offer trend-based solutions and the distribution of specialty ingredients around four main pillarstaste, texture, nutrition, and function, says Nicolas Kaufmann, managing director/Brazil at IMCD. As a reputable distributor of flavors and ingredients, VitaQualy strengthens IMCD Brasils expertise and product portfolio in the taste category of our business."

VitaQualy adds eight employees to IMCDs team in Brazil, who will be fully integrated into the organization in 2021.

As MRC informed earlier, Eastman Chemical B.V. has announced that, beginning 1 August 2020, it is expanding and reinforcing its strategic partnership with IMCD Group for the distribution of its specialty plastics.

As MRC informed earlier, Russia's output of chemical products rose by 4.4% year on year in May 2020 . Thus, production of basic chemicals increased year on year by 5.4% in the first five months of 2020. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the output in January-May. Production of benzene was 110,000 tonnes in May 2020, which equalled the figure a month earlier. Overall output of this product reached 615,000 tonnes over the stated period, up by 1.7% year on year.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Eastman Chemical.
Category:General News
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