IMCD Acquires Puerto Rican Distributor Sachs Chemical
Rotterdam-based specialty chemicals distributor IMCD has agreed to acquire 100% of the shares of Sachs Chemical, headquartered in San Juan, Puerto Rico.
Chemicals distributor Sachs, which has operated in Puerto Rico since 1986, expanded its business to Costa Rica in 2015, supplying to the advanced materials markets in Central America.
In 2022, the company generated a revenue of roughly $50 million and has several warehouses in Puerto Rico and a newly constructed warehouse and facility in Costa Rica
The closing of the transaction is subject to customary closing conditions and is expected to take place in August 2023.
“Sachs’ strong industry reputation, close customer relationships and customized solutions for the pharmaceuticals industry are an excellent fit with IMCD,” commented Fernando J. Espinosa, Jr., managing director for IMCD LATAM North. Puerto Rico, IMCD said, is an important production location for the major US-based pharmaceuticals customers.
“Sachs Chemical has been a beacon of innovation and customer service in the region for nearly four decades,” said Michelle Ortega, operations manager at Sachs Chemical, adding that “the opportunity to become part of IMCD’s worldwide presence is a catalyst for further growth.”
