Italmatch Chemicals buys Sudamfos do Brasil

Italmatch Chemicals, a Global Specialty Chemical Group leader in the production and marketing of performance additives for lubricants, industrial water & process treatment, oil & gas, and plastics, has acquired through its recently created local subsidiary Italmatch Do Brasil Partipações Ltda.

Sudamfos do Brasil is a leading Brazilian distribution company specialising in the marketing of phosphonates, phosphates and other specialty chemical products,

This transaction gives Italmatch Chemicals a stronger presence in the Latin American market, as well as reinforces the overseas growth and development recently undertaken by the Group in the American Continent. It follows the recent acquisition of Compass Chemical International, a leading North American independent chemical company specialising in the production and marketing of water and oil performance additives.

Sergio Iorio, CEO of Italmatch Chemicals, stated “This new acquisition signals our entry into a market of great interest and potential for the Group, such as Latin America, where the Group will benefit from the know-how and the local experience of Sudamfos do Brasil”.

“This transaction represents a further milestone in the development and internationalization strategy undertaken by Italmatch Chemicals, following the recent acquisition of Compass Chemical International in North America,” said Iorio.

“I am honoured and proud to join the Advisory Board of Italmatch Do Brasil; Italmatch Chemicals is an exceptionally strong brand, highly trusted worldwide by its customers and stakeholders. I am looking forward to assisting the Group in achieving a significant growth in the coming years” said Andrea Iorio, member of the Advisory Board (Conselho Consultivo) of Italmatch Do Brasil.”