Pomona Impact makes its Fifth Investment in Flosan
Pomona Impact invested in Flosan, a company that commercializes and distributes critical raw materials for the pharmaceutical, food, and cosmetics industries in Guatemala since 2013 and in El Salvador since 2019. The Company will use this revenue-based loan to fuel companies’ expansion strategy to El Salvador.
The Company prides itself on its strong customer relationships, deep network of suppliers, and thoughtful management of inventories capable of absorbing supply chain interruptions. These qualities have generated a reputation of reliability, resulting in steady year-over-year growth over nine years.
Patricia Flores, co-Founder and general manager of Flosan, said: “Generating Well-being by supplying the raw materials of products that make people live and feel better has always been our purpose as a company. Based on our strategy, we have sought strategic partners that allow us to take our work philosophy to more markets in Central America and the Caribbean. We are pleased to work with Pomona because we share the same values and the vision of gender equality empowering women by providing more opportunities for personal and professional growth. In addition, we also share with Pomona the ethic of working under the highest quality, environment, health, and safety standards.”
Richard Ambrose, the Managing Partner at Pomona, commented: “During the pandemic, as the need for medicines, soaps, and disinfectants grew, Flosan has been able to expand its product lines and serve new markets like El Salvador. The Company has demonstrated the kind of resilience that Pomona is eager to invest in, especially as we enter a more challenging economic climate.”
Some of the critical ways in which the Company generates impact contributes to the UN Sustainable development goals include:
- 3 (Good Health and Well-Being) By importing and distributing the active ingredients necessary to produce generic medicines like acetaminophen, antibiotics, and cough syrup, the Company promotes health and well–being, especially at the bottom of the pyramid.
- 5 (Gender Equality) the Company has a strong gender component due to its female co-founder and general manager, the executive team being 90% women, and 65% of its labor force being women.
- 8 (Decent Work and Economic Equality) enabling the pharmaceutical, food, and cosmetics industries to manufacture locally, creating jobs and long-term economic spillover.
About Pomona Impact Fund II
Pomona Impact Fund II, LP (“Fund II”) invests in Small Growing Businesses (SGBs) across Central America, Mexico, Colombia, and Ecuador in Agriculture, Basic Goods & Services (Access to Energy, Water, Education, Health, and Housing), and the Digital Economy to profitably scale their impact. The Fund has already approved investments worth $5.5M since the first close and is constantly looking for new investment opportunities in the region. For businesses interested in applying for investment for Pomona Impact Fund II, please apply here.