Manuchar signs an agreement to acquire Plury Química
São Paulo. 26 December 2022. Manuchar, a leading global distributor of chemicals with headquarters in Antwerp, Belgium, has reached an agreement to acquire Plury Química. This acquisition fits Manuchar’s ambition to strengthen its leading chemical distribution platform and broaden its product portfolio.
Established in 1989, Plury Química is well positioned as a supplier of specialties and ingredients to the Human Nutrition and beverage industries as well as other important segments, including Crop Nutrition.
With headquarters located in Diadema in the State of São Paulo and a branch in Paraíba, Plury Quimica has become a leader in the import of specialties and ingredients in Brazil. Plury Quimica serves an impressive range of customers that includes the region’s largest food and beverage producers, having established a reputation for product quality and supply reliability in the region. Plury Quimica employs 50 people and has its own R&D laboratory.
Manuchar employs 2,500 employees worldwide. From its headquarters in Antwerp, Belgium it operates a local chemicals distribution network across North & Latin America, Africa, Europe, the Middle East and Asia. Manuchar has been present in Brazil since 1993 and today its activities cover the entire country. Its 450 employees in Brazil are based in its regional headquarters in Rio de Janeiro and five other offices and operational sites.
The closing of the agreement between the shareholders of Manuchar and Plury Química is foreseen in the first quarter of 2023, subject to approval by competition authorities.
Renata Agualuza, CEO Manuchar Brazil:” This agreement for the acquisition of Plury Química is another important step for Manuchar Brazil, as it reinforces our global strategy of expanding our markets in which we operate and increasing our product offering, bringing even more benefits to our customers and suppliers. They will be able to count on Plury's experience and excellence in the Brazilian Human Nutrition market, combined with Manuchar's recognized reliability and capillarity in the distribution of chemical products in Brazil and worldwide.”
Philippe Huybrechs, CEO Manuchar Group: “Manuchar Brazil already has a strong presence in Home Care, Crop Nutrition, Mining & Energy. In September this year we added Pharma through the acquisition of Cosmoquimica, also in São Paulo. By joining forces now with Plury Química we can accelerate our growth in Human Nutrition. We have a great fit with Plury Química’s management. They share the same values as us, and demonstrate the same entrepreneurial spirit.”
João Paulo, CEO Plury Química: “Since our founding 33 years ago, we have placed partnership, quality, innovation and customer satisfaction at the heart of our growth strategy. We are delighted to join the Manuchar team and expand our markets & product portfolio. We see that there are strong synergies with Manuchar, giving us certainty to take Plury Química to the next level while maintaining the great partnership with our clients. We are stronger than ever and ready to grow together.”