High Chem Specialties has been sold to GTM a portfolio company of Advent

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that High Chem Specialties Mexico, S.A. (“High Chem” or the “Company”) has been sold to GTM Holdings, S.A. (“GTM”), a portfolio company of Advent International.

High Chem is a leading distributor of specialty chemicals in Mexico. The Company distributes a variety of mission-critical raw materials and chemicals that serve a diverse range of end markets, including the graphic arts, construction, coatings, plastics and adhesives industries. High Chem’s extensive service platform and distribution network is supported by several strategically located warehouses, regional offices, state-of-the-art application laboratories and a highly experienced, long-tenured workforce. The Company was established in 1994 and is headquartered in Mexico City.

Lincoln acted as the exclusive financial advisor to High Chem, working closely with the management team and shareholders throughout the sale process. This included providing industry expertise and managing the preparatory, marketing, negotiation, due diligence and regulatory phases of the transaction. Ward Hutchins, majority shareholder of High Chem, commented, “Lincoln coordinated a successful sale process that generated an excellent outcome for the shareholders, the Company and the employees. Their understanding of the intricacies in our business model and our industry, combined with their private company and cross-border experience, ensured our objectives were met and resulted in a great partner for High Chem.”

Eduardo Salinas, CEO and minority shareholder of High Chem, added, “We appreciate the Lincoln team’s personal attention, hands-on approach and guidance throughout the sale process. They managed the process from start to finish, and their commitment and expertise helped us achieve our objectives. As we look ahead to the future, it is clear that this transaction creates a platform that will allow us to focus on the success of our customers, create growth opportunities for our suppliers and employees and implement our expansion plans. I am excited to partner with GTM to continue to grow this leading distribution company.”

About High Chem

High Chem is one of the most recognized distribution companies in the specialty chemicals industry in Mexico. It sells chemicals and provides technical support of both domestic and international producers, focusing on specialties. The company is a representative and distributor of prestigious multinational chemical companies. High Chem serves the Mexican market, also exporting to Central America and the Caribbean from its four facilities in Mexico DF, Guadalajara, Monterrey and Tijuana, as well as warehouses in Veracruz, Merida, Chihuahua and Leon. For more information, please visit www.highchem.com.mx.

About GTM

GTM was founded in 1983 in Guatemala. Since then, it has grown organically to become the second-largest chemical distributor in Latin America and one of only two chemical distribution companies with a fully pan-American footprint. GTM provides chemical products and logistical services to more than 10,000 customers in a range of industries from personal care to oil exploration through its 43 locations in 12 countries from Mexico to Argentina and its supply offices in the U.S. and China, as well as its exclusive commercial representations in India and South Korea. For more information, visit please www.gtm.net.

High Chem Specialties has been sold to GTM a portfolio company of Advent
  • 2016
    Close Year
  • Business Services | Chemicals | Industrials
  • Private
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Costa Rica | Mexico | USA

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