Business Plan IMCD México to Acquire Promaplast for Expanding Advanced Materials Business
IMCD México has entered into an agreement to acquire 100 % shares of Promaplast Resinas, Proveedora de Materiales Plásticos, and Promaplast USA (together Promaplast) which is an advanced materials distributor for the Mexican and U.S. markets.
Rotterdam/The Netherlands – “The acquisition of Promaplast is an exciting step into a major new market for IMCD México and further expands our capabilities in the U.S.,” said Olivier Champault, Business Group Director, IMCD Advanced Materials. “Promaplast is a complementary addition to our global network of advanced materials experts and underscores our commitment to expanding opportunities for customers in Mexico and suppliers seeking a strong, reliable channel partner in the region.”
Promaplast is a privately owned company and boasts a highly diversified portfolio of resins and compounds to serve the packaging, footwear, consumer goods, home appliances, automotive and other industrial markets, plus additive masterbatches.
“This acquisition is a natural progression into the next phase of Promaplast’s 25-year history,” said Ricardo Méndez, General Manager, Promaplast. “Our market reputation and steady growth throughout the years have led to this moment to join a global market leader.”
“Welcoming Promaplast to IMCD aligns with our global strategy to be the local leader in all of our core markets,” said Miguel Ruiseñor, Managing Director, IMCD México. “This latest acquisition maintains the steady growth momentum we have in our region.”