GTM acquires the largest chemical distributor in Peru, Peruquímicos
October 5 2016, David R BrownTweet
Leading pan-Latin American chemical distributor, GTM Holdings, SA (GTM), have acquired PeruquÍmicos S.A.C., the largest chemical distributor in Peru. Advent International, a global private equity investor and controlling shareholder of GTM, has provided equity financing to support the deal. The transaction marks Advent's first direct investment in Peru. Terms of the agreement were not disclosed.
The acquisition of PeruquÍmicos further strengthens our presence in Peru and supports our growth strategy of creating a leading regional platformMichael van Marle
Chairman and CEO of GTM
Founded in 1995, PeruquÍmicos S.A.C. specializes in the import, marketing, storage and distribution of chemical products. It is the largest chemical distributor in Peru distributing close to 100 products from almost 50 suppliers to more than 1,000 clients.
The acquisition of PeruquÍmicos S.A.C. enhances GTM's service capabilities in Peru and the rest of Latin America and is aligned with the company's growth strategy. GTM has an existing affiliate in Peru, Transmerquim of Peru, as well as operations in Argentina, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Panama.
“The acquisition of PeruquÍmicos S.A.C. further strengthens our presence in Peru and supports our growth strategy of creating a leading regional platform that offers a robust set of services to our customers across Latin America,” said Michael van Marle, Chairman and CEO of GTM. “Together, GTM and PeruquÍmicos S.A.C. provide our customers with a new option that integrates the experiences and quality of both companies in a portfolio of innovative products, technologies, services and solutions unique to Latin America.”
As GTM and PeruquÍmicos S.A.C. begin to integrate operations, each company will continue to operate under its current legal name and continue with normal business operations.
GTM was founded in 1983 in Guatemala. Since then, it has grown to become the second-largest distributor of chemical products in Latin America and today emplys around 520 people. GTM has an extensive distribution network and logistical infrastructure with more than 43 facilities in 12 countries throughout Latin America and has service supply offices in the United States, India, and China. All GTM facilities are certified by ISO 9001 and ISO 14001.
Source(s): GTM press Release
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