M&A Deal Summary

IMCD Acquires Joli Foods Distribution Business

On December 27, 2023, IMCD acquired distribution company Joli Foods Distribution Business from Joli Foods

Acquisition Highlights
  • This is IMCD’s 17th transaction in the Distribution sector.
  • This is IMCD’s 1st transaction in Colombia.

M&A Deal Summary

Date 2023-12-27
Target Joli Foods Distribution Business
Sector Distribution
Buyer(s) IMCD
Sellers(s) Joli Foods
Deal Type Divestiture

Target

Joli Foods Distribution Business

Bogota, Colombia
Joli Foods' Distribution Business supplies raw materials to the food, beverage, and nutrition industries. Joli Foods' Distribution Business was formed in 1980 and is based in Bogota, Colombia.

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Buyer(S) 1

Buyer

IMCD

Rotterdam, Netherlands

Category Company
Founded 1995
Sector Chemicals
Employees4,736
Revenue 4.4B EUR (2023)
DESCRIPTION

IMCD is a marketing, sales and distribution of specialty chemicals and food- and pharma ingredients, with offices and warehouses in 31 countries in Europe, Africa and Australia/Asia. IMCD was founded in 1995 and is based in Rotterdam, the Netherlands.


DEAL STATS #
Overall 52 of 58
Sector (Distribution) 17 of 19
Type (Divestiture) 6 of 6
Country (Colombia) 1 of 1
Year (2023) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Needfill

Seoul, South Korea

Needfill is a speciality distribution company serves the paint, coatings, inks, textiles, electronics, and polymer markets. Needfill was founded in 1991 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 Valuetree

Worli, India

Valuetree is an ingredient supplier to the beauty and personal care market. It provides an extensive portfolio of specialty ingredients and offers formulation and technical support to its customers through an in-house application laboratory. Valuetree was formed in 2005 and is based in Worli, India.

Buy -

Seller(S) 1

SELLER

Joli Foods

Sabaneta, Colombia

Category Company
Sector Food
DESCRIPTION

Joli Foods develops and markets ingredients and solutions for the food industry; seeking productivity, innovation, customer satisfaction, and profitability for shareholders. The company sells raw materials, develops customized solutions, supports the application process, and design and development of new products. Joli Foods is based in Sabaneta, Colombia.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (Colombia) 1 of 1
Year (2023) 1 of 1