BRENNTAG SE Brenntag, the global market leader in chemical distribution, has signed an agreement to acquire the specialties chemicals distribution business of Pioma Chemicals, a leading distributor of specialty excipients and functional ingredients to the pharmaceutical, personal care and food industries across India. The transaction will be structured as an asset deal and the acquired business will become part of Brenntag India, headquartered in Mumbai.
With this acquisition Brenntag is further strengthening its growing business in India by expanding the local and regional strategic supplier and customer relationships and improving the product portfolio of additional high quality products.
Henri Néjade, President and CEO of Brenntag Asia Pacific: "This acquisition enables us to expand our position in the Indian specialties distribution market even further, following our successful acquisition of the Zytex distribution business last year. India is one of the largest distribution markets in Asia and the expansion of our business proves once more our commitment to this region and to our business partners operating in this region. This new business will broaden our product portfolio and therefore facilitates an acceleration in the growth of Brenntag in India."
The acquired business is expected to generate total sales of approximately EUR 17.2 million. Closing of the transaction is expected in the course of September 2014.
About Brenntag:
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 480 locations in more than 70 countries. In 2013, the company, which has a global workforce of more than 13,000, generated sales of EUR 9.8 billion (USD 13.0 billion). Brenntag is connecting chemistry globally and locally. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 170,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.
Press contact:
Hubertus Spethmann
Brenntag AG
Corporate Communications
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7701
Fax: +49 (208) 7828-7220
E-Mail: hubertus.spethmann@brenntag.de
Financial media:
Thomas Langer
Brenntag AG
Corporate Finance & Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-Mail: thomas.langer@brenntag.de
Investor contact:
Thomas Langer, Diana Alester, René Weinberg
Brenntag AG
Corporate Finance & Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-Mail: IR@Brenntag.de
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