Safic-Alcan Buys Distribution Business of Chimsnab BG
Paris-La Défense, France – Safic-Alcan, a leading specialty chemicals distributor, has acquired the distribution business of Chimsnab BG, a significant player in chemicals distribution in Bulgaria.
Chimsnab BG is focused on the distribution of high-quality polymer compounds and specialty chemicals. Commenting on the sale, Martial Lecat, CEO of Safic-Alcan, said, “This acquisition will be used as a sourcing platform to further enlarge the product range of Safic-Alcan with some selected polymers and high-performance compounds, allowing it to serve most of its customers in the South Eastern Europe zone.”
Chimsnab BG has two regional offices, in Sofia and Ruse. Strategically located on the Romanian border and near Serbia, Ruse will also be used as a regional logistics hub.
With a portfolio of 900 active customers, Chimsnab BG operates mainly in Bulgaria and has limited exports in the neighboring Balkan countries.