MOSCOW (MRC) -- Brenntag, the global market leader in chemical distribution, says it has agreed to acquired Quimisa SA (Brusque, Brazil), a distributor of industrial and specialty chemicals in Brazil, as per Chemweek.
Terms of the transaction, including purchase price, were not disclosed. Quimisa generated sales of about EUR60.8 million (USD66.7 million) in 2018.
The company distributes industrial chemicals such as caustic soda and hydrogen peroxide, as well as specialties such as textile auxiliaries, dyes, and polymers. It mostly does business in southern Brazil, in the textiles, household products, food and beverage, and paper industries.
The deal "is an attractive investment with a strong infrastructure which will allow us to increase our market position in Brazil,” says German Torres, CEO/Latin America at Brenntag. “The location of its facilities in the states of Santa Catarina, Parana, and Rio Grande do Sul and its business model enhance our abilities to support the textile and household chemicals industries."
The transaction is expected to close in the coming weeks.
As MRC reported earlier, Since 1 February 2014, Brenntag has startied distributing the cellulosic additive and latex powder portfolio of Dow Construction Chemicals in Germany and Austria.
Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mulheim an der Ruhr, Germany, the company operates a global network with more than 400 locations in 70 countries.
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