NEW YORK (GenomeWeb News) – Sigma-Aldrich has acquired Sigal, its Chile-based distributor, so it can directly serve its research and manufacturing customers throughout that country.
In connection with the acquisition, the firm said that it has established Sigma-Aldrich Quimica "to provide the foundation for future growth in the country."
"We experienced 20 percent sales growth in Latin America in 2008 alone, and we believe our expanded presence in Chile, which will integrate sales, marketing and distribution, provides a solid base for consistent growth in the years to come," Eric Green, VP of international sales and operations, said in a statement.
Sigma-Aldrich said that the deal is part of its plans to accelerate its growth in Canada, Latin America, and the Asia-Pacific region to 25 percent of its corporate sales by 2010. It did not disclose what percentage of its revenue those regions currently provide.
Sigal's General Manager, Patricia Bravo, will become Sigma-Aldrich's sales and marketing manager for Chile following the acquisition.
Financial terms of the transaction were not disclosed.