SAN JOSÉ, Costa Rica/BOGOTÁ, Colombia – GTM (Grupo Transmerquim S.A.), the second-largest chemical distributor in Latin America, announced that its founding shareholders have signed a definitive agreement to transfer control of the company to Advent International, a private equity firm. The transaction is expected to close in December 2014. Terms of the agreement were not disclosed.
Since its founding in Guatemala 31 years ago, GTM has grown organically to become 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 40 locations in 12 countries, from Mexico to Argentina, and its supply offices in Houston and Beijing.