Brenntag Buys Matrix Chemical
In its fifth announced acquisition so far this year, Brenntag has taken over North America's Matrix Chemical for an undisclosed sum. Signing and closing of the acquisition occurred simultaneously.
Brenntag
Brenntag Closes China Purchases
Brenntag has completed two purchases in China within its Specialties division. On Jul. 23, it closed the acquisition of the first tranche – 67% - of food ingredients specialist Zhongbai Xingye. Purchase of the second tranche – and full acquisition – of the Beijing-based company is expected to be finalized by the end of 2024.
Brenntag Boosts US Nutrition with JM Swank Buy
Brenntag is to buy US-based Storm Chaser Holding, also known as JM Swank, a leading distributor of food ingredients, in its third acquisition so far this year. The transaction is expected to close during the third quarter of 2021.
Mergers & Acquisitions Are an Integral Strategic Component
In the drive to reach growth objectives, or to maintain and enhance “critical mass”, mergers & acquisitions (M&A) has been a theme for the chemical distribution industry for years. The industry leaders (by size and geographic reach) were all built through a series of such transactions. The practice is further trickling down to the smaller and mid-sized company layer of the sector, and more distributors espouse external growth options.
Expert Statement: Christian Kohlpaintner, Brenntag
How to Build or Maintain Critical Mass in the Chemical Distribution Industry
M&A Activity Will Continue, No Doubt!
Analysis of the mergers & acquisitions activity in chemical distribution under the impression of the pandemic situation and how it might develop going forward.
Brenntag Buys UK’s ICL Packed
Brenntag has strengthened its water treatment business in the UK with the acquisition of ICL Packed, its second purchase this year so far. Financial terms of the deal, which was signed and closed on the same day, were not disclosed.
Brenntag to Buy Food Ingredients Distributor in China
In a move to expand its food and nutrition business in China, Germany-based international distributor Brenntag said it plans to acquire the majority of specialty ingredients distributor Zhongbai Xingye. The activities will become part of the global division of Brenntag Specialties. The deal values the business at about €90 million.
Brenntag Buys Canada’s Alpha Chemical
German-headquartered multinational chemical distributor Brenntag has agreed to buy Canada’s Alpha Chemical for an undisclosed sum.
Brenntag Cuts Jobs, Closes Sites in Transformation Program
Brenntag has announced plans to cut its workforce by approximately 1,300 and close about 100 sites across all regions as it implements its transformation program – named Project Brenntag – to increase focus, reduce complexity and strengthen its leading global market position.
Brenntag Buys Italy’s Comelt
Brenntag has agreed to buy Italian activated carbon company Comelt and its subsidiary Aquadepur for an undisclosed sum.
Brenntag Splits into Two Divisions
Following an analysis of its internal structures and processes earlier this year, Brenntag will establish a new operating model with effect from January 2021, launching two global divisions – Brenntag Essentials and Brenntag Specialties.
Brenntag Expands in North America
Brenntag has bought the operating assets of US-based Suffolk Solutions’ caustic soda distribution business, gaining access to a bulk terminal and rail transloading facility in the Virginia port city of the same name. The acquired business had sales of about $15.6 million in the fiscal year ending Apr. 30, 2020.
Brenntag Boosts Lubricants with Oils ‘R Us Buy
Leading chemicals distributor Brenntag has agreed to buy Oils ‘R US, a Thai distributor of lubricants for automotive, commercial vehicle, industrial and marine applications. The transaction is expected to complete in the second half of 2020.
Circular Economy
The chemical industry is on the threshold of a new era – the age of circularity. We asked industry experts to share their opinions on this transformational topic.
E-Commerce Platforms in the Chemical Industry
Digitalization is a very important topic not only in the chemical industry as a whole, but also in chemical distribution.
