# Mapei acquires Novaflex paint division from Colorquímica in Colombia

Italian company Mapei announced an agreement to acquire the paints and finishes division (Novaflex brand) from Colombian company Colorquímica. The acquisition aims to consolidate Mapei's position in the Colombian paint market.

- Type: Acquisition
- Announced: 2024-08-04
- Where: Colombia
- Status: announced
- Products: paints and finishes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [MAPEI](https://endata.com/companies/6051.md) (acquirer)
- [Colorquímica](https://endata.com/companies/78979.md) (target)

## Sources

- [eltiempo.com](https://www.eltiempo.com/economia/empresas/italiana-mapei-esta-de-compras-en-colombia-esta-es-la-compania-que-adquirio-para-consolidarse-en-el-segmento-de-pinturas-3368832), 2024-08-04: "Colombia es un mercado estratégico para Mapei y desde nuestra llegada al país hemos hecho una serie de inversiones y apuestas para aumentar progresivamente nuestras capacidades."

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