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

UK based Scott Bader is further investing in The Americas and establishing a standalone operation in Brazil. Following a decade-long joint venture with NOVAPOL PLÁSTICOS LTDA, the wholly owned subsidiary of GRUPO IMSA S.A., Scott Bader is leveraging the opportunity to further expand its global presence and buyout its joint venture partner.

Trading as ‘NovaScott Especialidades Quimicas Limitada’ the two speciality chemical companies joined forces in 2014. 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. The operation will begin trading as Scott Bader Brazil as of 5th June 2024. 

“We are pleased to have reached this agreement with GRUPO IMSA as it will allow Scott Bader to fully focus on our key markets across the marine, renewable energy and building and construction sectors,” says Marie Elliott, Regional Managing Director, Americas at Scott Bader. 

“Establishing Scott Bader Brazil is another step on our America’s geographic expansion following the recent investment in North America, giving us the ability to provide localised supply and leverage our global expertise for our growing customer base.” 

Production of Scott Bader’s Crystic Gelcoats in Brazil includes Ecogel – a zero styrene spray gelcoat approved for use across a variety of industrial applications. The environmental benefits of this particular formulation, which has low VOC levels, has already secured a major customer producing wind blades. The full portfolio of locally manufactured solutions comprises brush, spray, sandable and fire retardant gelcoats, complemented by high performance matched tooling systems under the Crestamould brand.