Sigma-Aldrich Expands in Brazil
The acquisition further builds Sigma-Aldrich’s presence in Brazil, one of the company’s “focus markets” along with China and India. According to Sigma-Aldrich, Vetec offers more than 3,000 products and provides products for research, development and manufacturing. It is based in Xerem, near Rio de Janeiro.
St. Louis, MO 5/23/11—Sigma-Aldrich has acquired all outstanding shares of Vetec Quimica Fina for an undisclosed amount. Based in Brazil with more than 200 employees, Vetec is a supplier of specialty chemicals for the academic and industrial markets. “In addition to localizing our supply chain, the combination of Vetec and Sigma-Aldrich allows us to broaden our distribution channel in Brazil and to enhance our ability to tailor our products to match the special requirements of the market,” stated Eric Green, vice President and managing Director, International at Sigma-Aldrich. The acquisition is expected to be neutral to diluted EPS in 2011.
