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




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