The Selling Company: Established in 1987 and headquartered in Mexico City, Dresen Quimica, S.A.P.I. de C.V. manufactures and distributes a broad portfolio of specialty chemicals products such as antioxidant blends, bactericides and mold inhibitors. These products are used by animal nutrition and pet food manufacturers. In addition, products are used in the aqua culture and rendering industries. Dresen operates in Mexico, Guatemala, Peru, and Colombia.
Why the company was sold: Dresen’s shareholders wanted to establish a strategic alliance with a global strategic partner that allowed them to strengthen their global presence in the animal nutrition, pet food, aqua culture and rendering industries. By selling a majority stake, 65%, one Dresen shareholder exited while another remained to continue expanding the business in the Americas. With this acquisition, Camlin expanded its footprint in the Americas and established a healthy partnership with Dresen that aims at gaining a global position in the shelf life solutions space.
Capital Alliance’s Performance: Capital Alliance originated, structured, negotiated and assisted in closing this transaction. CAC led a team of multidisciplinary professionals (corporate attorney, tax advisors) to achieve the best terms possible for Dresen’s shareholders.
Terms of the Transaction: Sale of 65% stake
The Acquiring Company: Camlin Fine Sciences Limited manufactures and exports bulk drugs, fine chemicals, and food grade products in India and internationally. The company offers food ingredients, which primarily includes antox tert-butyl hydroquinone; antox butylated hydroxyanisole; and antox ascorbyl palmitate. It also provides industrial products consisting of guaiacol, an intermediate for manufacturing Vanillin; veratrole, an intermediate for the pharmaceutical and agrochemical industry; and tertiary butyl catechol and hydroquinone mono methyl ether, which are polymerization inhibitors for use in the petrochemical industry. The company was formerly known as Camlin Fine Chemicals Limited and changed its name to Camlin Fine Sciences Limited in August 2011. Camlin Fine Sciences Limited was incorporated in 1993, and is based in Mumbai, India.