Brenntag acquire Reeder's lubricant division

Brenntag to acquire Reeder's lubricant division

7:51 AM, 17th January 2019
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ESSEN, GERMANY: Brenntag has signed an agreement to acquire the lubricants division of Reeder Distributors, Inc. that is a regional, integrated lubricant distributor headquartered in Fort Worth, Texas, USA. Reeder Distributors’ fuel and equipment divisions are not part of the acquisition. The company services automotive customers as well as all types of industrial and commercial customers mainly throughout the Dallas-Fort Worth market place.

“The acquisition of Reeder Distributors’ lubricants division is a bolt-on to our lubricants business platform and results in a geographical expansion in an adjacent market,” said Markus Klaehn, Member of the Management Board and CEO, Brenntag North America.

“Reeder Distributors’ lubricants division is a natural addition to our existing lubricants business because of its relationships with major lubricant suppliers and the acquisition will enable Brenntag to expand and strengthen our footprint in the regional market place,” Anthony Gerace, Brenntag Group’s MD Mergers & Acquisitions. 

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