Global specialty chemical group operating in the production and marketing of performance additives for lubricants, industrial water and process treatment, oil and gas, and plastics, Italmatch Chemicals has acquired Sudamfos Do Brasil, a Brazilian distribution company, specialized in marketing of phosphonates, phosphates and other specialty chemical products, through its local subsidiary Italmatch Do Brasil Partipações.

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, indeed, follows the recent acquisition of Compass Chemical International, a 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”, concluded 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”, declared Andrea Iorio, member of the advisory board of Italmatch Do Brasil.