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news.Sigma-Aldrich, a life science and high technology company, has acquired Sigal, its primary distributor in Chile, and established Sigma-Aldrich Quimica to provide a foundation for future growth in the country.
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Sigma-Aldrich’s expansion of operations in Chile is part of the company’s strategic plan to accelerate growth in Canada, Asia Pacific and Latin America to 25% of corporate sales by 2010. In line with this strategy, in October 2008 Sigma-Aldrich established a representative office in Vietnam to serve the country’s expanding research and manufacturing sectors.
Sigal’s general manager, Patricia Bravo, will become Sigma-Aldrich’s sales and marketing manager for Chile. Terms of the deal were not disclosed.
Eric Green, vice president of international sales and operations of Sigma-Aldrich, said: “Building on our strong customer base in Chile and throughout Latin America is a long-term strategy for Sigma-Aldrich. We experienced 20% 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.”