Acquisitions for Brenntag in Australia and USA
Leading international distributor Brenntag has acquired the life science business of Ravenswood, strengthening its position in the Australian and New Zealand specialties market. The deal is expected to close next month.
Headquartered in Bayswater, Australia, and operating two sites in the country, Ravenswood generated sales of roughly A$65 million in the 2022 financial year. Its products supply a variety of market segments that include food and beverage, pet food and animal feed, cosmetics, pharmaceutical and health and wellness.
Henri Nejade, member of Brenntag Group’s management board and chief operating officer of Brenntag Specialties, said: “For us, expanding our operations with the capabilities from Ravenswood in Australia and New Zealand and beyond, especially with the expertise in blending, will be a great addition for our customers in the Asia-Pacific region.”
Separately, Brenntag – through its Coastal Chemical subsidiary – has also announced the acquisition of Tech Management, the production chemicals platform of US water and power infrastructure company Gravity Oilfield Services.
Tech Management is a leading provider of proprietary formulations and on-site services to oil and gas operators in the Permian Basin, North America’s largest energy producing region. With its headquarters and blending facility located in Odessa, Texas, Tech Management also operates ten additional facilities in West Texas, New Mexico and Oklahoma. It had sales of $85 million in the 2021 financial year.
Steven Terwindt, member of the management board of Brenntag Group and chief operating officer of Brenntag Essentials, commented: “The company’s formulation expertise and state-of-the art laboratory facilities are a welcome addition to Brenntag’s Energy Services business in North America, providing a further pillar to our resilient market offerings in the energy sector and filling a vital support role in a region critical to global energy security.”
Financial terms of both transactions were not disclosed.
Author: Elaine Burridge, Freelance Journalist
