By: ICN Bureau
Last updated : March 07, 2018 7:42 pm
The acquisition helps Brenntag expand presence in Portugal, Spain and several African countries11
German chemical distribution company Brenntag has acquired Quimitécnica.com – Comércio e Indústria Química S.A., Portugal (Quimitécnica). The transaction is expected to close in the coming weeks subject to certain regulatory approvals and closing conditions. Quimitécnica generated sales of EUR 37 million in FY 2016. It boasts of a strong position in the markets for industrial chemicals, water treatment, pulp and paper and specialty chemicals.
Karsten Beckmann, Member of the Board of Management of Brenntag Group and CEO Brenntag Europe, Middle East and Africa (EMEA), said, “The acquisition of Quimitécnica is an excellent strategic fit to Brenntag’s existing distribution activities in Iberia as we gain access to key customer industries in Portugal and in the area of North of Spain. We thus expand our value-added service offerings to our regional customers and suppliers.”
According to Anthony Gerace, Brenntag Group’s Managing Director Mergers & Acquisitions, “With a wide product range targeting various industry segments and six strategically located sites offering customized logistics services and inventory management, Quimitécnica serves as an excellent platform to expand and diversify our distribution activities in Portugal and Spain.”
As a service provider, Quimitécnica has a strong focus on offering a wide range of chemical products, blends, logistics and storage services to various industrial business segments in Portugal, the North of Spain and several African countries.