IMCD N : further expands its food and nutrition footprint in Latin America with the acquisition of Bretano
March 20, 2024 at 01:58 am EDT
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Photographed:
Top from left to right: Camilo Reyes, Legal Advisor, Bretano; Floris Lagerwerf, Americas Vice President, Finance and Operations, IMCD; Jose Bernal, Board Member, Bretano; Jorge Eduardo Leon, Board Member, Bretano; Nicolas Kaufmann, Americas President, IMCD
Bottom from left to right: Fernando J. Espinosa, Jr., Managing Director, IMCD LATAM North; Jorge León Dub, President of the Board of Directors, Bretano
Established in 1961, Bretano is headquartered in Costa Rica, with commercial and logistics operations in Mexico, Guatemala and El Salvador. Bretano is one of the leading speciality ingredients distributors in Latin America for the food industry and supplies chemicals to construction and other industrial markets. Generating a revenue of approximately USD 48 million in 2023, Bretano will add 101 employees to IMCD throughout Latin America. In addition, Bretano adds a food application laboratory, located in Costa Rica, to IMCD's global network of technical centres.
"IMCD's progress to become the distribution partner of choice throughout Latin America over the past four years has been remarkable," said Nicolas Kaufmann, Americas President, IMCD. "As we embark upon this new journey with Bretano, we are delighted to align our complementary strategies for growth and build on the company's legacy as a speciality distribution leader in the food industry."
"After a 60-year history of offering comprehensive, innovative solutions to the industry, I am pleased to know that Bretano's future will continue with a company whose values and principles are closely aligned with ours," said Jorge León Dub, President of the Board of Directors, Bretano. "Bretano is committed to maintaining its reputation for technical and commercial excellence. We look forward to the expanded opportunities that will become available to employees, customers and supplier partners as a result of IMCD's international scale and network."
The closing of the transaction is subject to customary closing conditions and regulatory approval and is expected to take place in the second quarter of 2024.
For further questions, please contact our Media Relations Team
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IMCD N.V. is one of the world's leaders in the distribution of specialty chemicals and food ingredients. The group's activity is organized primarily around 8 markets:
- house cleaning and maintenance products and textile products: surfactants, abrasives, bleaching agents, dyes, solubilizing agents, functional additives, etc.;
- pharmaceutical products: excipients, active pharmaceutical ingredients, solvents, formulation intermediates and chemical synthesis, etc.;
- personal care products: dyes, rheology modifiers, active and functional and sensory ingredients, sunscreen agents, antioxidants, exfoliants, preservatives, etc.;
- coating products: additives, pigments, resins and special solvents;
- nutritional and food products: acids, emulsifiers, oils, fibers, preservatives, sweeteners, enzymes, plant extracts, etc.;
- lubricants: additives, silicone derivatives, esters, corrosion inhibitors, markers, surfactants, etc.;
- chemical products synthesis: monomers, catalysts, reactive diluents, solvents and additives;
- plastic products: mixers, thermoplastic elastomers, polyurethanes, composite materials, etc.
Net sales break down geographically as follows: the Netherlands (1.5%), Europe/Middle East/Africa (42.2%), Asia/Pacific (24.5%), North America (22.3%), and Latin America (9.5%).
IMCD N.V. 
