Brenntag acquires Petrolube, strengthens specialty additives

Brenntag acquires Petrolube, strengthens specialty additives

12:22 PM, 5th June 2012
Brenntag acquires Petrolube, strengthens specialty additives

MULHEIM AN DER RUHR, GERMANY: Brenntag strengthens its distribution of specialty additives for the fuel and oil sector with the signing of an agreement to acquire Petrolube, the exclusive distributor of Infineum specialty fuel and oil additives based in Milan, Italy. For the financial year 2012, the company expects an EBITDA of about €0.8 million. The acquisition follows Brenntag’s successful acquisition of Multisol Group, a specialist in the distribution of lubricant additives and base oils in Europe and Africa in November of last year.

“We are delighted with the successful acquisition of Petrolube and the significant contribution it will bring to our existing lubricants and additives business in Italy,” said Karsten Beckmann, Chief Operating Officer, European business, Brenntag.

© WOC News 

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