Brenntag acquire specialty chemical distributor in Latin America

Brenntag to acquire specialty chemical distributor in Latin America

9:18 AM, 15th October 2012
Brenntag to acquire specialty chemical distributor in Latin America
William Fidler, Management Board Member, Brenntag AG.

MULHEIM an der RUHR, GERMANY: Brenntag signed a preliminary agreement to acquire Delanta group, a specialty chemical distributor in Latin America. The company is active in the distribution of specialty chemicals eg paints & coatings, ceramics, construction and food chemicals. The closing of the transaction is expected in the course of November 2012.

For the financial year 2011, the Delanta group generated total sales of $24.3 million. It has presence in Argentina, Uruguay and Chile. “This acquisition is a cornerstone for our growth strategy in the Southern Cone. It enables us to strengthen our position in ACES as a core business unit of Brenntag Latin America and improves our access to the construction industry in the region. Furthermore it significantly increases our market coverage in Argentina as the third largest economy in Latin America,” said William Fidler, Management Board Member, Brenntag AG.

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