On Nov. 7, resin, additive and specialty polymer distributor Formerra announced the acquisition of Mexico City-based Suministro de Especialidades.
The acquisition broadens Formerra portfolio of elastomers, adhesives and other performance additives, and expands capabilities in Mexico.
“Welcoming Suministro as a Formerra company augments our ability to serve customers in Mexico with an extensive distribution network, and an enriched array of complementary materials and technical service capabilities,” said Formerra CEO Cathy Dodd in a news release. “The combination also fortifies our supplier relationships, allowing us to diversify our portfolio across North America, while solidifying our footprint in central and southern Mexico.”
With this acquisition, combined capabilities include:
- Resources in and surrounding Guadalajara, Juárez, Mexico City, Monterrey, Saltillo, San Luis Potosí and Tijuana in Mexico.
- Over 30 technical sales experts available throughout Mexico with access to additional resources in the United States.
- A broad portfolio and offering, including a combination of highly engineered polymers, elastomers, additives, and adhesives from an array of suppliers.
- In-country formulation expertise, lab-based material testing, supply chain reliability, and small batch/breakbulk capabilities.
Suministro supports a customer base across diverse and growing markets in Mexico, including industrial, automotive and consumer. The company partners with its supplier network to offer a complete set of material solutions, supported by formulation and testing services.
Suministro’s founder and the entire existing team will join Formerra and continue to support Suministro customers.
Formerra is a portfolio company of H.I.G. Capital.