MG Group subsidiary Solvadis has sold the trader and distributor for an undisclosed sum

MG Group subsidiary Solvadis has sold the trader and distributor for an undisclosed sum

Two French investment firms have acquired distributor and trader Safic-Alcan from Solvadis. Daniel Lebard Management Development (DLMD) and Alpha-Associйs bought Safic-Alcan for an undisclosed sum.

Safic-Alcan is a global trader and distributor of raw materials such as latex, natural rubber and palm oil, as well as a range of polymers, additives and speciality chemicals.

Headquartered in France, it has operations in five other European countries, the US, Malaysia and Singapore, employing 334 people. Its turnover last year was approximately E971m. Safic-Alcan’s UK subsidiary is AKM, based in Warrington. Solvadis is a chemicals trader and distributor based in Frankfurt-am-Main, Germany. It is a subsidiary of MG Group.