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IMCD acquires Brazilian chemical firm

By: EUROPEAN PLASTICS NEWS

September 9, 2013

Dutch chemicals distribution company IMCD Group BV has acquired a majority interest in the Brazil-based Makeni Chemicals Ltd.

Founded in 1981 and headquartered in São Paulo, Makeni has annual sales of 200 million Brazilian real ($87.7 million) and supplies the coatings, construction, adhesives and plastics, personal care and nutrition markets.

The financial details were not disclosed.