Cencozotti strengthens its presence in the Andean Region with the acquisition of Columbia distributor, Insucolor
October 3 2016, David R BrownTweet
The Cencozotti Group, through its Colombian affiliate, Novakem S.A. has completed the acquisition of specialty chemical distributor, Insucolor S.A.S based in Medellin, Columbia. The agreement was signed by Pedro Luis Márquez, Novakem's General Manager and Juan Esteban Saldarriaga, Insucolor's founder and sole shareholder.
Our vision is to become the regional market leader in specialty chemicals and this acquisition fits squarely into our growth strategyJorge Viera Landaluce
CEO of Cencozotti Group
Founded in 2006, Insucolor is focused on the growing segments of home and personal care as well as the all-important coatings industry. The company boasts two application laboratories and employs a skilled team providing a complete set of solutions to its diverse customer base.
Juan Esteban Saldarriaga, who will become part of the Cencozotti team as Commercial Manager of the acquired business during the integration phase said: “The key to growth in the Andean region is to achieve an excellent integration of customers and employees and for me it will be a pleasure to have the opportunity to support Cencozotti in achieving this goal”.
Jorge Viera Landaluce, CEO of Cencozotti Group, said that Insucolor's integration into Cencozotti will enable the group to achieve its defined goals regarding its regional expansion. “Our vision is to become the regional market leader in specialty chemicals and this acquisition fits squarely into our growth strategy”.
Pedro Luis Márquez will continue to lead the Andean Region, including Cencozotti's operations in Peru and Ecuador.
Founded in April 2006 by a group of former senior executives from a number of multinational chemical companies, Novakem has become an important representative and distributor of fine chemicals based in Bogotá, Colombia, with presence in other markets in Latin America, including a commercial office in Lima, Peru. Novakem has a diverse portfolio of high value-added products, and serves the Food, Packaging, Automotive, Chemical, Petrochemical, Construction and Beverages industries amongst others.
Source(s): Cencozotti Press Release
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