Brenntag acquires Multisol Group, specialty chemical distributor in UK

Brenntag acquires Multisol Group, specialty chemical distributor in UK

1:34 AM, 5th September 2011
Brenntag acquires Multisol Group, specialty chemical distributor in UK
Steven Holland, CEO, Brenntag.

 

· Brenntag acquires Multisol Group Ltd, the holding company of the Multisol Group which is engaged in the distribution of high value specialty chemicals.

· Multisol provides a further expansion of Brenntag’s product portfolio into lubricant additives and high quality base oils

· Multisol expands Brenntag’s mixing and blending capabilities.

· Multisol’s geographic presence in Central and Eastern Europe and Africa complements Brenntag’s existing infrastructure and logistics network to drive sales growth. 

MULHEIM, GERMANY: With the acquisition of Multisol Group Ltd, Brenntag further develops its market position in the distribution of specialty chemicals with focus on lubricants and base oils including mixing and blending capabilities. Multisol is a specialist in the distribution of lubricant additives and base oils in Europe and Africa working together with some of the world’s largest producers. For the year 2012, the company expects sales of GBP 238 million. The transaction provides a further expansion of product portfolio into lubricant additives and base oils and at the same time, increases Brenntag’s capabilities in mixing and blending.

The completion of the acquisition is subject to certain merger control clearances which are expected to be obtained during the 4th quarter of 2011.

“Multisol seamlessly fits into our strategic approach to enlarge our product focus of specialty chemicals including value added services in our core markets in the UK, Western Europe, Central and Eastern Europe and Africa,” said Steven Holland, CEO of Brenntag.

The key industry for lubricants is the automotive sector which faces increasingly stringent emissions standards, especially in the EU and North America. Fuel economy requirements and improved durability are driving the growth of high specification lubricants. Multisol works closely with its customers and suppliers providing strong blending expertise as well as the distribution of both high quality base oils and lubricant additives.

Brenntag expects high synergies from the transaction, by combining sales activities in the UK, Western Europe, CEE and Africa and the cross-selling of Brenntag’s existing product portfolio to Multisol’s customer base. Paul Oliphant, CEO of Multisol will together with his board colleagues continue to lead the operating business of Multisol.

© WOC News

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Solutia hikes high-tech film manufacturing capacity in Asia

  ST LOUIS, US: Solutia Inc has acquired additional capacity for its high-tech conductive film manufacturing operation in the Asia-Pacific regio ...

Read more
DMV-Fonterra Excipients to acquire Brahmar Cellulose in India

GOCH, GERMANY/CUDDALORE, INDIA: DMV-Fonterra Excipients will acquire the business and assets of Brahmar Cellulose Pvt Ltd (BCPL) producer of pharmaceu ...

Read more
Bayer Healthcare to acquire Pathway Medical Technologies in US

  LEVERKUSEN, GERMANY: Bayer HealthCare’s affiliate, MEDRAD Inc has acquired Pathway Medical Technologies Inc, based in Kirkland, US. Fina ...

Read more
Mitsui Chemicals to produce acetone-based isopropyl alcohol in Japan

  TOKYO, JAPAN: Mitsui Chemicals Inc, positions strengthening its phenol chain operations as a fundamental strategy in the expansion of five hig ...

Read more
DKSH acquires specialty chemicals distributor in Australia

  MELBOURNE, AUSTRALIA/ZURICH, SWITZERLAND: DKSH will acquire Melbourne-based Tiger Chemicals Company, which will be integrated into DKSH’ ...

Read more
DSM and Sinochem form global anti-infectives joint venture

  HEERLEN, THE NETHERLANDS: Royal DSM has established a 50/50 global joint venture for its business group DSM Anti-Infectives with Sinochem Grou ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X