Skip to main content

IMCD further expands its food and nutrition footprint in Latin America with the acquisition of Bretano

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

Photo_IMCD further expands its food and nutrition footprint in Latin America with the acquisition of Bretano

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
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

ROTTERDAM, The Netherlands (20 March 2024) – IMCD N.V. (“IMCD” or “Company”), a global leading distribution partner, formulator of speciality chemicals and ingredients, today announces that IMCD has signed an agreement to acquire 100% of the shares of Bretano Costa Rica, S.A., Bretano El Salvador, S.A de C.V., Bretano Guatemala, S.A., and Grupo Bretano México, S. de R.L. de C.V. (jointly “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.

Attached, the full press release in PDF format, the main visual and 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.