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Brenntag to acquire activated carbon firm in Italy

October 20/2020

MOSCOW (MRC) -- Brenntag says it has agreed to acquire Comelt (Cernusco sul Naviglio, Italy) and its subsidiary Aquadepur (Cogliate, Italy), reported Chemweek.

The businesses focus on processing, marketing, and distribution of activated and reactivated carbon for applications such as water filtration and purification of air and flue gas. Warehouses and a laboratory in northern Italy are included in the transaction.

The acquired businesses generated combined sales of approximately EUR31.0 million (USD36.6 million) in 2019. Closing of the transaction is subject to certain contractual closing conditions and regulatory approvals and is expected in the fourth quarter.

With Comelt we have acquired a strong distributor and important market player in the segment of activated carbon, says Henri Nejade, Brenntag board member and CEO/EMEA and APAC. The company has an established customer base and broad access to the Italian markets, but also a steady connection to European and Asian suppliers.

Comelt is a full-service provider for activated carbon, including the collection and reactivation of exhausted activated carbon, according to Brenntag.

We expect an increasing demand for activated carbon for years to come due to the stricter purity standards for air and water quality, says Anthony Gerace, managing director/M&A at Brenntag. (Comelt) has a competitive advantage through its full-service offering regarding activated and reactivated carbon. This is an opportunity for Brenntag to increase our market share in these important high-growth and significant market segments in Italy as well as in other European countries.

As MRC informed earlier, Brenntag says it has acquired the operating assets of Suffolk Solutions (Suffolk, Virginia) caustic soda distribution business. Financial terms of the deal have not been disclosed.

We remind that August production of sodium hydroxide (caustic soda) in Russia were 99,200 tonnes (100% of the basic substance) versus 89,400 tonnes a month earlier, said MRC analysts. Russia's overall output of caustic soda totalled 837,600 tonnes in the first eight months of 2020, down by only 2% year on year.

Author:Margaret Volkova
Tags:kausticheskaya soda, petrochemistry, adhesives, water filters, Brenntag, Italy, Russia, USA.
Category:General News
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