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Brenntag acquires the largest distributor of acetone in North America - Matrix Chemical

August 03/2021

MOSCOW (MRC) -- Brenntag, the global market leader in chemicals and ingredients distribution, acquires all operating assets and business of Matrix Chemical, LLC, according to Indian CHEMICAL News.

The company is a solvents distributor and the largest distributor of acetone in North America with sales of around USD 200 million year to date in 2021.
 
Steven Terwindt, Member of the Management Board of Brenntag SE and COO Brenntag Essentials, comments: With the acquisition of Matrix we create a highly reliable and competitive logistics network for acetone and solvents in North America that allows us to take advantage of market opportunities and to deliver a variety of core products to our customers more efficiently, economically and in a more sustainable manner. Overall, we expect significant operating synergies by leveraging Matrixs supplier relationships, logistics network and bulk storage capacity in combination with Brenntags existing North American infrastructure and outbound logistics.
 
The company distributes acetone and other solvents to customers throughout the United States and Canada. These products are used in various industries such as personal care, adhesives, and the paint and coatings industry.

Matrix operates storage tanks at bulk terminals in Houston (Texas), Chicago (Illinois), Vanport (Pennsylvania), and Wilmington (North Carolina).
 
Closing and signing of the acquisition occurred simultaneously.

As MRC informed earlier, in April 2020, Brenntag sai it had acquired the operating assets of Suffolk Solutions (Suffolk, Virginia) caustic soda distribution business. Financial terms of the deal have not been disclosed.

Along with phenol, acetone is largely used to produce bisphenol A (BPA), which, in its turn, is used in the production of plastics such as polycarbonate (PC) and epoxy resins.

According to MRC's ScanPlast report, Russia's estimated consumption of PC granules (excluding imports and exports to/from Belarus) rose in January-May 2021 by 8% year on year to 42,200 tonnes (38,900 tonnes a year earlier).


mrcplast.com
Author:Margaret Volkova
Tags:North America, bisphenol a, PC, acetone, kausticheskaya soda, phenol, coatings, sheet extrusion, petrochemistry, adhesives, personal hygiene products, Brenntag, USA.
Category:General News
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