By: ICN Bureau
Last updated : April 04, 2024 1:23 pm
The transaction significantly expands Brenntag’s Material Science high-quality portfolio of technologies and sustainable solutions from top tier suppliers
Brenntag, the global market leader in chemicals and ingredients distribution, announced the acquisition of Lawrence Industries Ltd., a leading independent specialties distributor in the UK.
This acquisition further strengthens the company’s position within Material Science and across the Coatings, Adhesives, Sealants and Elastomers (CASE), Construction, Polymer and Rubber industries, as it accumulates a broad eco-system of leading toptier supply partners and a high-quality portfolio, most strongly driving market needs of formulation solutions and leading sustainability footprint.
Lars Schneider, Global President Brenntag Specialties Material Science, comments: “The acquisition of Lawrence Industries will further strengthen our specialty offering in the UK and Ireland and is perfectly in line with our strategy in Material Science. Lawrence Industries has developed an industry leading reputation. I am deeply impressed with Lawrence Industries and its highly capable and outstanding team, their long-established regional presence, strong specialty portfolio and experienced technical set-up. I look forward to further expanding our technical and value-added services to our top tier suppliers and valued customers with a particular focus on innovative and sustainable solutions, leveraging each other’s capabilities.”
Founded more than 50 years ago, Lawrence Industries is a technically driven independent specialty chemicals distribution company based in Tamworth, Staffordshire. The businesses generated sales of approximately 30 million GBP in 2023.
“We are excited to join the Brenntag family,” comments Charles Henn-Allen, Managing Director of Lawrence Industries. “Gaining the international reach is an important next step for us as a leading distributor of specialty chemicals in the UK. Moreover, acquiring access to Brenntag’s extensive Innovation & Application Centre network enable our current and future customers to benefit from best-in-class value added services.”
Financial details of the deal are not being disclosed. Signing and closing of the transaction occurred simultaneously.