Brenntag to acquire chemical distribution company in US

10:04 AM, 20th December 2017

MULHEIM, GERMANY: Brenntag has entered into an agreement to acquire Conquimica SA, a chemical distribution company headquartered in Medellin, Colombia. The company is mainly active in providing industrial and speciality chemicals to the coatings, food and cleaning industries. Conquimica operates four warehouses in the main economic areas of the country.

The closing of the transaction is expected to occur in the 2nd or 3rd quarter of 2018.

“Conquimica is an attractive investment to extend our geographic coverage and distribution network in Colombia. The company’s broad product portfolio and well-developed infrastructure complements Brenntag’s offerings to customers in important focus industries,” said German Torres, CEO Brenntag Latin America.

“Conquimica is a strategic fit strengthening Brenntag’s footprint in Colombia. Combining Conquimica’s product portfolio with Brenntag’s existing market reach and expertise will greatly benefit our customers across the Colombian market,” added Anthony Gerace, Brenntag Group’s managing director mergers & acquisitions.

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