Seale Advised PromaPlast on the Divestiture of their Business
Seale & Associates announced that it acted as exclusive financial advisor to PromaPlast Resinas, S.A. de C.V., Proveedora de Materiales Plasticos, S.A. de C.V. and PromaPlast USA Inc. (collectively “PromaPlast”), on the successful agreement to divest the companies to IMCD N.V. (“IMCD”), a global leader in the sales, marketing, and distribution of specialty chemicals and ingredients.
PromaPlast is a leading Mexican distributor of specialty products for the plastics industry, with a wide portfolio of solutions based on the best brands in the market. PromaPlast has a strategic footprint in Mexico and presence in the United States.
"Seale & Associates played a fundamental role as our guide and advisor for this very successful transaction. The team’s professionalism, integrity, and dedication to the project were key for taking care of all the important details involved in the transaction," stated Ricardo Mendez, CEO of PromaPlast. “We could not be more pleased with the advice and service we received."
"The acquisition of PromaPlast is an exciting step into a major new market for IMCD México and further expands our capabilities in the U.S.,” stated Olivier Champault, Business Group Director, IMCD Advanced Materials. “PromaPlast is a complementary addition to our global network of advanced materials experts and underscores our commitment to expanding opportunities for customers in Mexico and suppliers seeking a strong, reliable channel partner in the region."
"PromaPlast has built a highly successful business in Mexico over the last 25 years. We congratulate our client, the employees of PromaPlast, and IMCD, and wish them continued success and growth following this transaction,” stated Sergio Garcia del Bosque, Managing Director at Seale & Associates. “We are proud to announce another successful transaction that builds on our extensive track record of successfully advising companies in the specialty chemicals industry."
"We want to extend our sincere gratitude to Lagos Carrillo S.C. Abogados, and Deloitte, which were also key members of the team representing PromaPlast on this transaction. We could not have achieved this successful transaction without their dedication and hard work." stated Alejandro Montemayor, Vice President at Seale & Associates.
About IMCD
IMCD is a market leader in the sales, marketing, and distribution of specialty chemicals and ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas and Asia Pacific, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends. Listed at Euronext, Amsterdam (IMCD), IMCD generated sales of EUR 3.4 billion in 2021 with nearly 3,700 employees in over 50 countries on 6 continents. IMCD’s dedicated team of technical and commercial experts work in close partnership to tailor best-in-class solutions and provide value through expertise for around 50,000 customers and a diverse range of world-class suppliers. For more information, please visit www.imcdgroup.com.
About PromaPlast
Celebrating 25 years of leadership, plus profitable and sustainable growth in the Mexican and U.S. specialty plastics distribution industry, PromaPlast offers a complete, unique, and unmatched portfolio serving a variety of industries to considerably improve performance, processability and cost-efficiency in plastics. For more information, please visit www.promaplast.com.
About Seale & Associates
Seale & Associates, Inc., is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, please visit www.sealeassociates.com.
