As global leaders in the chemical sector, we combine deep expertise and strong relationships with key players worldwide. Our active presence at major industry events keeps us connected to trends and decision-makers, enabling us to lead strategic transactions and act as your trusted partner in preparing and maximizing the value of your company.
.avif)
Deals completed in this sector
Countries where deals took place
Specialists dedicated to this sector
trade shows, exhibitions, and conferences mapped globally
billion USD transacted with international investment funds
Context
Positioned as a supplier of ingredients for the Nutrition and Flavors industries, Aplinova was acquired by Prinova, a leading distributor in the food ingredients market.
Founded in 1987, Aplinova became a leader in the food ingredients industry, distributing and producing high-quality solutions for a wide range of customers in Brazil. Headquartered in São Paulo, in the state of São Paulo, and with branches in Jundiaí and Manaus, the company has established an unparalleled reputation in the market due to the high quality, reliability, and technical service level provided to its customers.
Headquartered in Illinois, United States, Prinova is a global leader in the distribution of food ingredients, flavors, and fragrances. Since 2019, Prinova has been part of the Japanese Nagase Group, connected to a global distribution network with presence in the United States, Europe, Asia, and other regions.
Strategic Rationale
The acquisition of Aplinova, which was advised by igc partners, will drive Prinova's growth in Brazil in the food ingredients segment while also expanding its geographic presence in the consolidating chemicals distribution market.
Context
Founded in 1999, GR Química provides chemical solutions for water treatment and industrial effluents, being one of the leading gas chlorine packagers in the country and one of the largest sodium hypochlorite producers. The company operates in 5 locations in São Paulo, Minas Gerais, and Santa Catarina, covering most Brazilian states and exporting to Paraguay and Peru.
The operation stands out as one of the first private equity transactions in the chemical distribution segment in Brazil.
Strategic Rationale
The R$120 million investment, mainly cash-in, from the global private equity firm GEF Capital and Signal Capital, for a minority stake, will allow GR Química to accelerate its geographic expansion plan and inorganic growth.
Context
Plury Química, founded in 1989 and headquartered in Diadema (SP) with an additional branch in Paraíba, is a leading importer and supplier of specialty chemicals and ingredients for the human nutrition and beverage industries in Brazil. Known for quality, reliability, and customized services, it works with major food and drink producers.
Manuchar is a global chemicals distributor based in Antwerp (Belgium), present in Brazil since 1993. Operating with 2,500 employees worldwide (450 in Brazil), Manuchar serves markets across North & Latin America, Africa, Europe, the Middle East, and Asia. It offers distribution, logistics, and supply services across key sectors including human nutrition.
Strategic Rationale
The acquisition of Plury Química strengthens Manuchar’s presence in Brazil’s human nutrition segment and enhances its product portfolio with specialty chemicals expertise and client relationships. Integrating Plury's R&D capabilities, quality-focused operations, and established market reputation supports Manuchar’s growth strategy, providing stronger local reach and expanded offerings for its global client base.
Context
Caif, a supplier of premium, naturally sourced ingredient solutions, was acquired by Caldic, an Advent invested company, which is one of the global leaders in the specialty ingredients market.
Founded in 2016 and headquartered in South Carolina, United States, Caif offers sourcing, customized production, and distribution of natural ingredients for the food & beverage, dietary supplement, and pet industries. With a strong presence throughout the production chain, Caif ensures its clients receive products with the desired mix of ingredients that best fit their needs.
Caldic is a global provider of specialty ingredients and chemicals, offering solutions for the food, pharmaceutical, personal care, and industrial markets. Headquartered in Rotterdam, the Netherlands, and backed by Advent International, Caldic operates in over 40 countries and is recognized for its customer centric approach, sustainability efforts, and ability to deliver tailored solutions worldwide.
Strategic Rationale
The transaction, which was advised on the sell-side by igc partners, will significantly strengthen Caldic’s value-add product and services range for the dietary supplements and nutrition industry and enable further expansion in North America, specifically in the US.
Context
Founded in 1994, Sweetmix has a diversified portfolio, including food ingredients, pharmaceuticals and cosmetics. The company has more than 1,400 active customers and an experienced and technical team of over 70 employees.
Univar Solutions is a leading global distributor of specialty chemicals and ingredients, providing value added services, logistics, technical support, and digital tools to customers in a wide range of industries around the world.
Strategic Rationale
The acquisition of Sweetmix Distribuidora will strengthen and expand Univar's presence in the distribution of chemical ingredients in Latin America, in addition to strengthen relationships with local customers and global suppliers through a unique portfolio.
Context
Founded in 1959 and headquartered in Brusque, Santa Catarina, Quimisa is a leading distributor of industrial and specialty chemicals in Southern Brazil. The company supplies industrial chemicals—including caustic soda and hydrogen peroxide—and specialty products like textile auxiliaries, dyes, and polymers to industries such as textiles, household care, food & beverage, and paper. Quimisa operates four strategically located branches and owns Quimilog, a transportation subsidiary ensuring agile and efficient logistics.
Brenntag SE, headquartered in Essen, Germany, is the global leader in chemicals and ingredients distribution. Founded in 1912, the company has a presence in 76 countries with over 580 offices and employs more than 16,600 people worldwide.
Strategic Rationale
Brenntag’s acquisition of Quimisa and its logistics unit Quimilog strengthens the company’s position in Brazil by expanding its industrial and specialty chemicals offering. The transaction enhances Brenntag’s infrastructure and market capabilities in key Brazilian states—Santa Catarina, Paraná, Rio Grande do Sul, and São Paulo—enabling improved service to the textile and household chemical industries.
The acquisition also accelerates Brenntag’s regional growth strategy, combining local market leadership with global reach in a high-potential economy.
Context
Selectchemie LTDA, founded in 1970 and based in São Paulo, Brazil, is a leading distributor of pharmaceutical ingredients and excipients, representing major producers from the US, Europe, and Asia.
IMCD N.V., established in 1995 and headquartered in Rotterdam, Netherlands, is a global distributor and marketer of specialty chemicals and ingredients. IMCD focuses on delivering tailored chemical solutions across multiple sectors.
Strategic Rationale
In December 2015, IMCD acquired 100% of Selectchemie to strengthen its presence in the Brazilian pharmaceutical and specialty chemicals market. The acquisition provided IMCD with a robust local platform, technical formulation expertise, and access to top-tier global suppliers, enhancing its ability to support Brazil’s growing generics and pharmaceutical industries.
Context
D’Altomare Química Ltda., founded in 1972 and based in São Paulo, Brazil, is a specialized distributor of chemical ingredients serving the personal care, pharmaceutical, food-agriculture, electronics, and industrial markets. It operates multiple distribution centers, including in Embu and Manaus.
Univar Inc., founded in 1924, is a global distributor of specialty and industrial chemicals. Based in Downers Grove, Illinois, it serves over 130,000 B2B customers through more than 700 distribution sites worldwide.
Strategic Rationale
In November 2014, Univar Brasil acquired D’Altomare to deepen its footprint in Brazil and Latin America. The acquisition complemented Univar’s existing portfolio in specialty ingredients, coatings, lubricants, and adhesives and added robust logistics and service capabilities in high-growth sectors such as personal care and pharmaceuticals.
Context
Arinos Química Ltda., founded in 1997, is a Brazilian distributor of specialty and commodity chemicals. The company partners with over 60 chemical manufacturers and supplies more than 1,600 products to over 6,500 customers across various industries. Headquartered in Osasco (SP), Arinos also develops proprietary formulation products through its own branded product lines.
Univar Inc. is a global distributor of industrial and specialty chemicals, representing over 2,500 producers and serving approximately 80,000 customers worldwide. Founded in 1924 and headquartered in Downers Grove, Illinois, Univar operates more than 170 facilities across North America, Europe, Asia-Pacific, and Latin America.
Strategic Rationale
In September 2011, Univar acquired Arinos to strengthen its presence in the high-growth Brazilian chemical distribution market. The transaction provided Univar with a complementary business model, a broad local distribution network, and extensive market knowledge. It also allowed for synergies by expanding customer offerings, improving supplier access, and leveraging Univar’s global sourcing capabilities.
Try adjusting your search filters or visit the full Transactions page for more results
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
Context
Founded in 1999, GR Química provides chemical solutions for water treatment and industrial effluents, being one of the leading gas chlorine packagers in the country and one of the largest sodium hypochlorite producers. The company operates in 5 locations in São Paulo, Minas Gerais, and Santa Catarina, covering most Brazilian states and exporting to Paraguay and Peru.
The operation stands out as one of the first private equity transactions in the chemical distribution segment in Brazil.
Strategic Rationale
The R$120 million investment, mainly cash-in, from the global private equity firm GEF Capital and Signal Capital, for a minority stake, will allow GR Química to accelerate its geographic expansion plan and inorganic growth.
Context
Founded in 1994, Sweetmix has a diversified portfolio, including food ingredients, pharmaceuticals and cosmetics. The company has more than 1,400 active customers and an experienced and technical team of over 70 employees.
Univar Solutions is a leading global distributor of specialty chemicals and ingredients, providing value added services, logistics, technical support, and digital tools to customers in a wide range of industries around the world.
Strategic Rationale
The acquisition of Sweetmix Distribuidora will strengthen and expand Univar's presence in the distribution of chemical ingredients in Latin America, in addition to strengthen relationships with local customers and global suppliers through a unique portfolio.
Context
Arinos Química Ltda., founded in 1997, is a Brazilian distributor of specialty and commodity chemicals. The company partners with over 60 chemical manufacturers and supplies more than 1,600 products to over 6,500 customers across various industries. Headquartered in Osasco (SP), Arinos also develops proprietary formulation products through its own branded product lines.
Univar Inc. is a global distributor of industrial and specialty chemicals, representing over 2,500 producers and serving approximately 80,000 customers worldwide. Founded in 1924 and headquartered in Downers Grove, Illinois, Univar operates more than 170 facilities across North America, Europe, Asia-Pacific, and Latin America.
Strategic Rationale
In September 2011, Univar acquired Arinos to strengthen its presence in the high-growth Brazilian chemical distribution market. The transaction provided Univar with a complementary business model, a broad local distribution network, and extensive market knowledge. It also allowed for synergies by expanding customer offerings, improving supplier access, and leveraging Univar’s global sourcing capabilities.
Context
D’Altomare Química Ltda., founded in 1972 and based in São Paulo, Brazil, is a specialized distributor of chemical ingredients serving the personal care, pharmaceutical, food-agriculture, electronics, and industrial markets. It operates multiple distribution centers, including in Embu and Manaus.
Univar Inc., founded in 1924, is a global distributor of specialty and industrial chemicals. Based in Downers Grove, Illinois, it serves over 130,000 B2B customers through more than 700 distribution sites worldwide.
Strategic Rationale
In November 2014, Univar Brasil acquired D’Altomare to deepen its footprint in Brazil and Latin America. The acquisition complemented Univar’s existing portfolio in specialty ingredients, coatings, lubricants, and adhesives and added robust logistics and service capabilities in high-growth sectors such as personal care and pharmaceuticals.
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
Context
Caif, a supplier of premium, naturally sourced ingredient solutions, was acquired by Caldic, an Advent invested company, which is one of the global leaders in the specialty ingredients market.
Founded in 2016 and headquartered in South Carolina, United States, Caif offers sourcing, customized production, and distribution of natural ingredients for the food & beverage, dietary supplement, and pet industries. With a strong presence throughout the production chain, Caif ensures its clients receive products with the desired mix of ingredients that best fit their needs.
Caldic is a global provider of specialty ingredients and chemicals, offering solutions for the food, pharmaceutical, personal care, and industrial markets. Headquartered in Rotterdam, the Netherlands, and backed by Advent International, Caldic operates in over 40 countries and is recognized for its customer centric approach, sustainability efforts, and ability to deliver tailored solutions worldwide.
Strategic Rationale
The transaction, which was advised on the sell-side by igc partners, will significantly strengthen Caldic’s value-add product and services range for the dietary supplements and nutrition industry and enable further expansion in North America, specifically in the US.
Context
Plury Química, founded in 1989 and headquartered in Diadema (SP) with an additional branch in Paraíba, is a leading importer and supplier of specialty chemicals and ingredients for the human nutrition and beverage industries in Brazil. Known for quality, reliability, and customized services, it works with major food and drink producers.
Manuchar is a global chemicals distributor based in Antwerp (Belgium), present in Brazil since 1993. Operating with 2,500 employees worldwide (450 in Brazil), Manuchar serves markets across North & Latin America, Africa, Europe, the Middle East, and Asia. It offers distribution, logistics, and supply services across key sectors including human nutrition.
Strategic Rationale
The acquisition of Plury Química strengthens Manuchar’s presence in Brazil’s human nutrition segment and enhances its product portfolio with specialty chemicals expertise and client relationships. Integrating Plury's R&D capabilities, quality-focused operations, and established market reputation supports Manuchar’s growth strategy, providing stronger local reach and expanded offerings for its global client base.
Context
Founded in 1959 and headquartered in Brusque, Santa Catarina, Quimisa is a leading distributor of industrial and specialty chemicals in Southern Brazil. The company supplies industrial chemicals—including caustic soda and hydrogen peroxide—and specialty products like textile auxiliaries, dyes, and polymers to industries such as textiles, household care, food & beverage, and paper. Quimisa operates four strategically located branches and owns Quimilog, a transportation subsidiary ensuring agile and efficient logistics.
Brenntag SE, headquartered in Essen, Germany, is the global leader in chemicals and ingredients distribution. Founded in 1912, the company has a presence in 76 countries with over 580 offices and employs more than 16,600 people worldwide.
Strategic Rationale
Brenntag’s acquisition of Quimisa and its logistics unit Quimilog strengthens the company’s position in Brazil by expanding its industrial and specialty chemicals offering. The transaction enhances Brenntag’s infrastructure and market capabilities in key Brazilian states—Santa Catarina, Paraná, Rio Grande do Sul, and São Paulo—enabling improved service to the textile and household chemical industries.
The acquisition also accelerates Brenntag’s regional growth strategy, combining local market leadership with global reach in a high-potential economy.
Context
Selectchemie LTDA, founded in 1970 and based in São Paulo, Brazil, is a leading distributor of pharmaceutical ingredients and excipients, representing major producers from the US, Europe, and Asia.
IMCD N.V., established in 1995 and headquartered in Rotterdam, Netherlands, is a global distributor and marketer of specialty chemicals and ingredients. IMCD focuses on delivering tailored chemical solutions across multiple sectors.
Strategic Rationale
In December 2015, IMCD acquired 100% of Selectchemie to strengthen its presence in the Brazilian pharmaceutical and specialty chemicals market. The acquisition provided IMCD with a robust local platform, technical formulation expertise, and access to top-tier global suppliers, enhancing its ability to support Brazil’s growing generics and pharmaceutical industries.
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
Context
Positioned as a supplier of ingredients for the Nutrition and Flavors industries, Aplinova was acquired by Prinova, a leading distributor in the food ingredients market.
Founded in 1987, Aplinova became a leader in the food ingredients industry, distributing and producing high-quality solutions for a wide range of customers in Brazil. Headquartered in São Paulo, in the state of São Paulo, and with branches in Jundiaí and Manaus, the company has established an unparalleled reputation in the market due to the high quality, reliability, and technical service level provided to its customers.
Headquartered in Illinois, United States, Prinova is a global leader in the distribution of food ingredients, flavors, and fragrances. Since 2019, Prinova has been part of the Japanese Nagase Group, connected to a global distribution network with presence in the United States, Europe, Asia, and other regions.
Strategic Rationale
The acquisition of Aplinova, which was advised by igc partners, will drive Prinova's growth in Brazil in the food ingredients segment while also expanding its geographic presence in the consolidating chemicals distribution market.
igc is aleader in chemical sector transactions, with a strong focus on the distribution of essentials and specialties, as well as the chemical industry. We understand the dynamics of each market and, through the sector specialization of our teams, have successfully adapted to the unique characteristics of each one.
.avif)
With a broad team of professionals dedicated to specific sectors, each transaction benefits from specialized expertise and deep market insight.
"I was very impressed with igc’s team professionalism and willingness to wait for the best possible deal for their client. So far, my experience with igc has been excellent.
.avif)
“My perception is that after all I always had a very consistent perception and perspective from my side of a very professional team, very focused team, and very respectful team."
.avif)
We focus exclusively on sell-side deals to ensure the best outcome for our clients—free from conflicts of interest.
© 2025 IGC Partners. All rights reserved. All content, materials, and information presented on this website are intended solely for general informational purposes and do not constitute legal, financial, investment, or professional advice. IGC Partners makes no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of the information provided. Users should seek appropriate independent professional advice before acting on any information contained herein. Unauthorized use, reproduction, or distribution of any part of this website is strictly prohibited. By accessing and using this website, you agree to be bound by our Privacy Policy and Terms of Use. For further through the channels provided on our Contact page.
We use cookies to improve your experience and analyze traffic with Google Analytics.
.avif)
.avif)
