Grupo Hromatka to acquire a majority stake in Guzman Polymers from Guzman Global.

Grupo Hromatka, a family business, agreed to acquire a majority stake in Guzman Polymers, a distributor of polymers to furniture manufacturing and textile industries, from Guzman Global, a family-run company that specialises in the international distribution of raw materials for industry. Financial terms were not disclosed. he agreement includes the international subsidiaries of Guzman Polymers, as well as its 50% Joint Venture in Portugal, Augusto Guimarães & Irmao. "Both companies share a similar business philosophy: a focus on creating long-term value, a firm commitment to people and delegation to them in order to promote agile management adapted to each market. They also feel a passion for plastics and the added value of the technical materials and services they provide to their clients, as well as the search for sustainable solutions in accordance with the current regulatory environment," Guzman.