PromaPlast offers a range of resins and compounds to serve the packaging, footwear, consumer goods, home appliances, automotive and other industrial markets
Ricardo Méndez, General Manager, PromaPlast (left) and Miguel Ruiseñor, Managing Director, IMCD México (right). (Credit: IMCD Group)
Speciality chemicals and ingredients distributor IMCD has signed an agreement to purchase 100% stakes in PromaPlast Resinas, Proveedora de Materiales Plásticos, and PromaPlast USA (together known as PromaPlast).
Established in 1996 and located in Lerma, Mexico, PromaPlast is an advanced materials distributor which serves the Mexican and the US markets.
The firm offers a range of resins and compounds to serve the packaging, footwear, consumer goods, home appliances, automotive and other industrial markets along with additive masterbatches.
PromaPlast is ISO 9001-2015 and IMMEX certified with six sales offices, strategically placed warehouses, 109 employees, and 43 technical sales executives all over Mexico and the US.
The deal is anticipated to close in September 2022.
PromaPlast general manager Ricardo Méndez said: “This acquisition is a natural progression into the next phase of PromaPlast’s 25-year history.
“Our market reputation and steady growth throughout the years have led to this moment to join a global market leader.”
Méndez added: “PromaPlast’s shareholders are pleased to find in IMCD a company with integrity that will value our talent and further develop the business and partnerships we built throughout the years.
“With IMCD’s range of resources, capabilities and global network, our team’s horizon has expanded to reach greater heights – we are looking forward to work towards an exciting future together.”