March 20 2014, David R Brown

Effective 28th of February 2014, Ricardo Molina S.A.U. has acquired 100% of the shares of Angem Specialities S.L. to reinforce the company's position as a leading specialty chemical distributor in the Iberian pensisular. Details of the transaction weren't disclosed but it is believed to include not only goodwill but also several trademarks and EU biocides approvals.

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The deal also supports the current international project of Molina in different regions across 4 continents. Besides Spain and Portugal the company also has operations in North Africa (Morocco, Algeria, Tunisia and Libya), Latin America (Chile, Columbia, Ecudador and Peru) and China.

Angem Specialities S.L., established in 2001, is a distributor with 3 divisions focused on metal treatment, industrials (coatings, lubriacants, paper, plastics and textiles) and consumer products (cosmetics and detergents). The company also has in-house developed products contract manufactured to their specifications and marketed under the VRAIFOS, VRAIWAN and VRAICARE trademarks. Angem's specialities product ranges will strengthen Molina's competitiveness particularly in the water and metal surface treatment and detergents market segments.

About Ricardo Molina
Founded in 1927, Ricardo Molina S.A. is an independent, family-owned business engaged in the distribution of specialty products, including chemicals and natural ingredients. The Group's head office is in central Barcelona, and the company also has offices in Madrid, Porto and Casablanca as well as a modern logistics centre in Montmeló (Barcelona), which is ideally placed to serve the Group’s subsidiaries. The Group has a work force of around 70 people and has annual sales in excess of €40M.

Source(s): Ricardo Molina Press Release

Further Information

Visit: http://www.ricardomolina.com