Solenis a leader chemical company acquires Brazilian Quimatec Chemical Products
AFLG Investments Private Equity, LLC. (“AFLG”) is very pleased to announce the completion of the acquisition of 100% of shares of Quimatec Chemicals Ltda. (“Quimatec”) and Locatec Ltda. (“Locatec”), and the multinational Solenis LLC (“Solenis”), through its Brazilian subsidiary. AFLG served as the exclusive success advisor to Quimatec and Locatec, respectively. The support that AFLG provided to Quimatec and Locatec during the negotiation process was exceptional and instrumental and proved to be a key factor in ensuring Quimatec received the best deal possible.
Quimatec has been in business for more than 33 years. It is located in Araraquara, São Paulo, Brazil and had over 100 employees prior to the acquisition. Quimatec imports raw chemicals and processes them into compounds used in industries such as sugar refining, ethanol production and paper and pulp production, fiber-cement industries and food fermentation industries and wastewater treatment. Locatec, was created to assist in the logistic activities of Quimatec.
Solenis is a global leader of specialty chemicals for the pulp markets, paper, oil and gas, chemical processing, mining, biorefining, energy and municipal water.
The acquisition of Quimatec by Solenis was highly significant for both parties in terms of their business approach to expand the supply of chemical processes and industrial water treatment for the global bioethanol market.