Brenntag acquire lubricants business NOCO in US

Brenntag to acquire lubricants business of NOCO in US

5:04 AM, 15th October 2016
Brenntag to acquire lubricants business of NOCO in US

MULHEIM, GERMANY: Brenntag Group has signed an agreement to acquire the lubricants business of NOCO Inc, headquartered in New York US.

NOCO supplies high quality lubricant products to a broad range of industries in the Northeast region of the United States and parts of Ontario and Southern Quebec. The acquisition does not impact NOCO's energy distribution or retail businesses.

The business is expected to generate total sales of approx $209 million in the financial year 2016. Closing of the transaction is expected to occur in the course of the next weeks.

“NOCO’s lubricants business ideally complements our lubricants business in New England, which we established last year with the acquisition of GH Berlin-Windward. We will be able to leverage existing infrastructure, add additional talent and solidify our leading market position,” said Markus Klahn, member of the management board of Brenntag Group and CEO Brenntag North America.

“NOCO’s geographic coverage makes this a perfect fit and a natural extension of our existing lubricants business in the Northeast region of the US. Furthermore, we are pleased to enter the Canadian lubricants market by acquiring an established distribution network operating in a major industrial region within the country,” added Anthony Gerace, managing director mergers & acquisitions at Brenntag Group.

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