GTM to acquire Mexico's High Chem Specialties
Chemical distributor GTM Holding has agreed to acquire a majority stake in Mexican firm High Chem Specialties, a specialist distributor of plastics, adhesives and supplies to the printing and construction industries.
The terms of the deal, which is expected to close this quarter, were not disclosed.
GTM, founded in Guatemala in 1983, is active in 12 countries in Latin America, as well as in the US and China.
High Chem Specialties, founded in Mexico in 2002, generated sales of around US$40mn in 2015, according to a GTM press release.
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News in: Petrochemicals (Mexico)
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