GTM Holdings, a reference in the distribution of chemical products in Latin America, announced an agreement for the acquisition of the distribution rights of Goaltech Produtos Quimicos Ltda for the automotive lubricants market. This movement strengthens the performance of GTM Group in Brazil, where it has been offering solutions to the Lubricants market for more than 13 years.Founded in 2003, Goaltech Produtos Químicos Ltda operates as a distributor of Chevron Oronite and other suppliers, with a portfolio focused on additives and oils for automotive lubricants. In addition to the additives and lubricants business, Goaltech operates in other markets, such as motorcycle parts and fuel gauge distribution, businesses that are not included in the agreement.
“We believe this agreement will add even more value to our customers, since Goaltech's product lines complement the GTM portfolio in Brazil, mainly with regards to solutions for automotive lubricants, which represent 70% of the lubricants sector. We also believe that we can add to the current Goaltech Principals a strong growth in the Brazilian market”, says Rodrigo Gutierrez, CEO of GTM.For the lubricants segment in Brazil, GTM distributes solutions from global suppliers such as ACL, Arlanxeo, Braskem, Chevron, Petrobrás, SK Lubricants, Total, Vanderbilt and Riograndense Oil Refinery.
GTM Group value the solid relationships built by Goaltech during its trajectory and is already contact with Goaltech’s Partners for the continuity and strengthening of a long-term partnership.
Founded in 1980, GTM Holdings S.A. is a chemical distributor specialized in Latin America. It offers solutions divided into industrial, specialty chemicals, performance and customer solutions categories. Additionally, the company offers logistics services and innovative solutions to serve customers in markets such as Agroindustry, Mining, Cosmetics, Rubber, Oil and Gas, Paints, Lubricants as well as Printing and Packaging.
With over 1,000 employees, GTM has 46 facilities, 06 marine terminals, 19 laboratories for product development, application technology and quality control. The company operates in 11 countries - Brazil, Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Ecuador and Peru. It also has purchasing offices in the United States and China, and commercial representation in South Korea
For more information, visit www.gtmchemicals.com