(CTN News) -Innospec Inc. has completed the acquisition of QGP Quimica Geral (QGP), a well-known specialty chemicals company based in Brazil. The precise financial details of the agreement have not been disclosed to the public.
This strategic acquisition represents a significant achievement, as it grants the company a substantial manufacturing presence, improved customer service capabilities, and a stronger foundation for product development in South America.
This region is widely recognized as one of Innospec’s key global markets for all of its technologies.
Additionally, QGP’s expertise in surfactants and other specialty chemistries brings valuable additions to Innospec’s global portfolio, particularly in growing sectors like Agriculture.
Established in 1992, QGP has a dedicated workforce of 300 employees, all of whom will seamlessly become part of Performance Chemicals business.
Innospec is extremely pleased with the successful completion of the acquisition and has expressed its satisfaction. The company has conveyed its pleasure in finalizing the deal and has emphasized its deep admiration for the founders of QGP.
Recognizes its remarkable achievement in establishing a leading specialty chemical company that is known for its exceptional customer service, innovation, and technical support.
These qualities closely align with Innospec’s values.
Furthermore, Innospec has highlighted the complementary nature of QGP’s product development and manufacturing capabilities across all the end markets served by Performance Chemicals.
These markets include Personal Care, Agriculture, Home Care, Industrial Chemicals, Construction, and Mining. Innospec is delighted to welcome QGP’s employees and their highly complementary capabilities into the family.
The company anticipates leveraging these strengths to provide customers in Brazil and globally with an enhanced and broader range of offerings.
The acquisition seamlessly aligns with long-standing mergers and acquisitions (M&A) strategy. It strengthens the Performance Chemicals segment and establishes a manufacturing presence in South America. Innospec has emphasized that following the acquisition, it maintains a significantly strong balance sheet without any debt.
This positions the company favorably for future M&A activities, consistent returns for shareholders, and strategic investments in organic growth.