Skip to main content

IMCD Colombia to acquire the distribution business of Joli Foods S.A.S. to strengthen its food and nutrition portfolio

Written by Customer Service on . Posted in Mergers And Acquisitions.

Main visual_IMCD Colombia to acquire the distribution business of Joli Foods S.A.S. to strengthen its food and nutrition portfolio

Photographed: Jorge León Dub, President of the Board, Joli Foods (left); Pilar Castellanos, Managing Director, IMCD Colombia; Jorge Eduardo León, General Manager, Joli Foods; Liliana Acosta Esquenazi, Finance and Operations Director, IMCD Colombia (right)
Photographed: Jorge León Dub, President of the Board, Joli Foods (left); Pilar Castellanos, Managing Director, IMCD Colombia; Jorge Eduardo León, General Manager, Joli Foods; Liliana Acosta Esquenazi, Finance and Operations Director, IMCD Colombia (right)

ROTTERDAM, The Netherlands (27 December 2023) – IMCD N.V. (“IMCD” or “Company”), a global leading distribution partner, and formulator of speciality chemicals and ingredients, today announces that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. (“Joli Foods”) to expand its food and nutrition business and product portfolio.

“The addition of Joli Foods’ distribution business to IMCD Colombia’s food and nutrition portfolio is an exciting new development in our company’s growth history,” said Pilar Castellanos, Managing Director, IMCD Colombia. “We are pleased to welcome its team of specialized experts as we join forces to deliver expanded capabilities to support the needs of a market seeking innovative solutions. With our strengthened market offering, we are well equipped to address our customers’ formulatory challenges.”

Established in 1980, the distribution business of Joli Foods is based in Bogota, Colombia and supplies raw materials to the food, beverage and nutrition industries. In 2022, the distribution business generated a revenue of approximately USD 16 million, representing leading global suppliers that complement IMCD’s existing partnerships. IMCD welcomes 11 Joli Foods employees to its local organization.

“We have been impressed with IMCD’s ability to quickly develop into a leading speciality distribution partner in Colombia,” said Jorge Eduardo Leon, General Manager, Joli Foods. “As Joli Foods now focuses its efforts on producing value-added products and consumer foods, we are pleased to divest our distribution business to IMCD. With our aligned company values, complementary portfolio and IMCD’s strong reputation as a multinational leader in this industry, we believe this acquisition is an important step for the Joli Foods distribution business to continue to succeed as the industry evolves.”

The closing of the transaction is subject to customary closing conditions and is expected to take place in the first quarter of 2024.

Attached, the press release in pdf format, the main visual and the photo caption.

Attachments

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.