United States : GTM and its controlling shareholder, Advent International, acquire Peruqumicos S.A.C. in Peru, marking their first direct investment in the country

GTM Holdings, SA (GTM), the second-largest chemical distributor in Latin America, today announced that it has acquired Peruqumicos S.A.C., the leading chemical distributor in Peru. Advent International, one of the largest and most experienced global private equity investors, is the controlling shareholder of GTM and is providing equity financing to support GTMs acquisition of Peruqumicos S.A.C. This transaction marks Advents first direct investment in Peru. Terms of the agreement were not disclosed.

Founded in 1995, Peruqumicos S.A.C. specializes in the import, marketing, storage and distribution of chemical products. It is the largest chemical distributor in Peru distributing close to 100 products from almost 50 suppliers to more than 1,000 clients.

The acquisition of Peruqumicos S.A.C. will enhance GTMs service capabilities in Peru and the rest of...