By: ICN Bureau
Last updated : November 07, 2023 8:44 am
The acquisition strengthens Brenntag’s local and regional distribution network
Brenntag, the global market leader in chemicals and ingredients distribution, announced the acquisition of OWI Chlor Alkali (Old World Specialty Chemicals and Old World Logistics) from Old World Industries in Northbrook, Illinois. The business units will be integrated into Brenntag Essentials’ existing network in North America, significantly expanding Brenntag Essentials’ local and regional footprint.
Ewout van Jarwaarde, CEO of Brenntag Essentials, commented: “OWI Chlor Alkali will boost our regional supply chain and sourcing capabilities in North America, in particular for caustic soda and potassium hydroxide. By joining forces we gain access to tollgates and infrastructure in the region, supporting growth in our last mile service operations in order to serve both Brenntag and OWI Chlor Alkali customers better and more efficiently.”
In 2022, OWI Chlor Alkali reported annual sales of US$ 279.7 million.
Scott Leibowitz, President for Brenntag Essentials North America, added: “We are delighted to welcome OWI Chlor Alkali to the Brenntag family. Together, we will form a stronger business and create more value for our employees and customers, focusing our efforts into making Brenntag the easiest to do business with.”
Tom Armstrong, Managing Director of Old World Specialty Chemicals, commented: ”Joining the global market leader in chemicals and ingredients distribution is an exciting opportunity for us, and a chance to leverage our setup and market position to reach additional customers with our products and service offering. Brenntag’s global sourcing and market intel capabilities will significantly enhance our market position, to which we can contribute as well.”
Old World’s CEO, Greg Noethlich added: “We are extremely proud of the work our Specialty Chemicals team accomplished and know Brenntag is the right move in taking the business to the next level.”
Financial details of the deal are not being disclosed. Signing and closing of the transaction occurred simultaneously.