Scott Bader establishes standalone operation in Brazil by buying out JV partner

Scott Bader is buying out its joint venture partner GRUPO IMSA to take full ownership of NovaScott Especialidades Quimicas Limitada in Serra, Brazil, which will trade as Scott Bader Brasil as of 5 June 2024. The company anticipates creating 10 additional jobs.

“Scott Bader will now take full ownership of the company based in Serra, Espirito Santo, Brazil, continuing to locally manufacture high performance gelcoats and tooling products.”scottbader.com

• 2 sources
• scottbader.comScott Bader Brasil establishedBen PenneyJun 6, 2024
• mergers-alliance.comMergers Alliance | EFIC Partners (Peru) and BroadSpan Capital (Brazil) co-advised Grupo IMSA on the sale of 50% of gelcoats manufacturer, NovaScott to its partner Scott BaderMiriam SerranoJun 11, 2024

Summarized from public sources; check the original articles before acting on it.