# 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.

- Type: Acquisition
- Announced: 2024-06-06
- Where: Serra, Espirito Santo, Brazil
- Jobs: 10
- Status: completed
- Products: gelcoats, tooling products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Scott Bader](https://endata.com/companies/21783.md) (acquirer)
- [GRUPO IMSA S.A.](https://endata.com/companies/77898.md) (target)
- [NovaScott Especialidades Quimicas](https://endata.com/companies/77984.md) (target)

## Sources

- [scottbader.com](https://www.scottbader.com/knowledge-hub/news/scott-bader-brasil-established/), 2024-06-06: "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."
- [mergers-alliance.com](https://www.mergers-alliance.com/efic-partners-peru-and-broadspan-capital-brazil-co-advised-grupo-imsa-on-the-sale-of-50-of-gelcoats-manufacturer-novascott-to-its-partner-scott-bader/), 2024-06-11: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.