ScanSource to sell its Latin America business outside Brazil to Intcomex

Security products distributor ScanSource on Monday announced that it has agreed to sell its products businesses in Mexico, Colombia, Chile, Peru, and its Miami-based export operations to Intcomex. Terms of the deal were not disclosed.

In a statement, ScanSource said the move was part the company’s strategic portfolio repositioning to align investments with higher-growth, higher-margin businesses.

“After a very thorough process, we are pleased to have found a highly respected, well-established buyer with a proven track record in Latin America,” said Mike Baur, Chairman and CEO, ScanSource. “Our more than 140 employees in Latin America are excited to become part of Intcomex, a company that shares our commitment to long-term partner relationships. Our business in Latin America fits well with the Intcomex business, and I see this as a positive move for our employees, partners and suppliers.”

“We welcome our new employees, partners, clients and suppliers,” said Mike Shalom, CEO, Intcomex. “The acquisition further solidifies our over thirty-year commitment of local distribution coupled with long-standing supplier and customer relationships.”

ScanSource said it expects the transaction to close by Sept. 30, 2020, subject to customary closing considerations.