Brenntag Acquires Fuel Additives Distributor Petrolube In Italy
06/04/2012| 09:01am US/Eastern
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German chemicals distributor Brenntag AG (>> Brenntag AG) Monday said it has acquired Petrolube, the sole distributor of petroleum additives manufacturer Infineum International Ltd. in Italy.
MAIN FACTS:
-Financial details of the transaction weren't disclosed.
-In 2012, Petrolube expects earnings before interest, tax, depreciation and amortization of 800,000 euros, Brenntag said.
-Infineum is a joint venture between Exxon Mobil Corp (XOM) and Shell.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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