Newsletter of the World Chemical Distributor Directory. Issue 6, 2008
* A matter of fact: Chemagility.com now lists around 6250 chemical distributors. The database is still growing by around 40 companies per month.. *
Contents
Feature - Districonsult report a slow down in M&A activity involving distributors in 2008.
News - A round-up of chemical distribution industry news from Europe, Africa, America and the Far East over the last few months. Companies featured include Brenntag, Carlyle Group, Neochimiki, Azelis, Connell Brothers, Aceto and IMCD Nordic.
People –John Phillpotts, president of Univar Europe retires after 40 years.
CBA member offer –We are currently offering chemical distribution trade association members a €60 (£50 or $90) discounton a full profile in the directory .
Upcoming events – A selection of the the most important upcoming industry exhibitions, conferences and seminars from around the World.
About Us – Overview of who we are and what we do.
Feature
Districonsult report a slow down in M&A activity involving distributors in 2008, Switzerland
According to the findings of a report by Districonsult, the first half of 2008 has seen a markeded drop in M&A activities in the chemical distribution sector. In total, only 12 acquisitions have been completed so far in 2008, one in South Africa, two in USA and nine in Europe, including Turkey while Districonsult reported over 30 M&A transactions in 2007 and much larger ones like the acquisition of Chemcentral by Univar and the Univar acquisition by CVC. The slowdown in chemical distribution consolidation trends is believed to be related to a number of factors including the credit crunch, declining economic prospects in Europe and North America, vanishing securitized loans and reluctance of some sellers to accept much lower multiples. More...
* For more information please visit www.districonsult.com or telephone: ++41 244 942380 or +33 149 700656. Districonsult is a well respected consulting practice meeting the strategic needs of polymer and chemical distributors and producers, as well as investors' requirements. *
News
Europe
Brenntag acquires Dipol Chemical International, Inc, Russia
Brenntag, the global leader in chemical distribution, announces the acquisition of Dipol Chemical International, Inc. Founded in 1994, Dipol is a leading company in the distribution of polymers and specialty chemicals in Ukraine, Russia and the Baltic States. With sales in 2007 amounting to US$ 100 million, Dipol operates a well-established distribution network via offices and warehouses in Kiev, St. Petersburg, Moscow and Riga. The acquisition marks a further important step for Brenntag in strengthening its distribution network in Central and Eastern Europe. Visit the Brenntag Group website.
Carlyle Group acquires Greek chemical distributors , Neochimiki LV Lavrentiadis, Greece
Private equity firm The Carlyle Group has acquired 73.54% of shares in Greek chemical distributor Neochimiki LV Lavrentiadis for €749m, marking its first acquisition in Greece. Neochimiki L.V. Lavrentiadis S.A. Industrial and Commercial Company distributes chemical raw materials to the coatings, base oils and rubbers, construction, agriculture and automotive industries and earlier this year bought a 40% stake in Greek chemicals importer Astron Chemicals. The Carlyle Group also owns the parent company of Warwick International another chemical distribution company. See the Carlyle Group website or the Neochimiki LV Lavrentiadis for more details.
Azelis acquires specialty gas distribution business and opens office in Russia , UK, Russia
Azelis' UK operation Chance & Hunt have recently acquired GrowHow UK Limited’s (GHUK) carbon dioxide liquefaction business covering the manufacturing, sales and distribution of liquefied carbon dioxide. This deal follows the successful take-over and integration of Kemira GrowHow’s Process Chemicals business in 2007 involving the sales of nitric acid, anhydrous ammonia and aqueous ammonia. On a separate note, Azelis has completed its geographic coverage plans for the CEE with the establishment of Azelis Rus in Russia. Operating offices in Moscow in addition to nearby warehousing facilities, the new company aims to develop sales of around €15m by the end of 2008 in the coatings, chemicals, plastics and life sciences sectors. Go to Azelis website for more information.
IMCD Nordic acquires Multichem-Wallinco, Norway
IMCD Nordic, subsidiary of IMCD Group, has acquired all shares of Multichem-WallincoAS, based in Oslo, Norway. Multichem-Wallinco is a leading Norwegian distributor of food & feed additives and specialty chemicals, with more than 60 years of successful servicing the Norwegian industry. Multichem-Wallinco's activities will be coordinated with the Norwegian operations of IMCD, creating a strong platform for further growth.IMCD Group website for further information.
Multisol Group announce managment buyout, UK
The UK-based Multisol Group with sales of more than £100m has been acquired in a management buyout by a team led by managing director Paul Oliphant. Multisol distribute an extensive product portfolio of specialty solvents, chemicals and lubricant additives, as well as providing in-house facilities to blend, toll manufacture and package custom formulations. Principals/suppliers include: ExxonMobil, Uniqema, Infineum, Neste, Mitsui, Petro-Canada, R.T Vanderbilt.Multisol Group website for information.
America
NACD members leaders in chemical distribution, USA
The US National Association of Chemical Distributors (NACD) reports that 83 of the 2008 Top 100 Distributors, named by Purchasing magazine, are Association members. Of the total $23.754bn sales brought in by the top 100, NACD companies accounted for 81%, or $19.145bn. "NACD members have consistently been leaders in the chemical distribution industry and this report is another measure of their success," says NACD president Christopher L Jahn. "NACD members produced these results while also lowering their emissions, reducing their accidents and improving their security."
See the press section of the NACD web site for more details.
Aceto Corporation posts record last quarter sales , USA
Aceto Corporation has announced that the Company has exceeded $100 million in sales in the fiscal 2008 fourth quarter - the first time in the Company's history that quarterly sales have reached this level despite the very difficult economic environment. Aceto Corporation, incorporated in 1947, is a global leader in the sourcing, regulatory support, marketing and distribution of chemically derived pharmaceuticals, biopharmaceuticals, specialty chemicals and agrochemicals. Aceto's business is organized along product lines into three segments -- Health Sciences (56% of '06 sales), Chemicals & Colorants (37% of '06 sales) and Agrochemicals (7% of '06 sales).
See the Aceto web site for more details.
Asia, Oceania and Africa
Connell Brothers and Southern Clay Products expand Partnership to seven Asia/Pacific markets, Asia-Pacific
Connell Bros. Company, Ltd., and Southern Clay Products, Inc., a subsidiary of Rockwood Holdings, Inc. have announced an agreement to expand their exclusive distribution and collaboration relationship to include Indonesia, Thailand, Malaysia, Vietnam, and the Philippines. Before this agreement, Connell Bros. represented SCP/Rockwood in India and Japan. CBC will market and distribute SCP’s line of rheological additives used widely in the Coatings, Construction, Personal Care and other industries. Go to the Connell Brothers for full press release.
News and views on the chemical distribution industry.
Email us your news related to chemical distribution for possible inclusion in the next enewsletter.
People
John Phillpotts, president of Univar Europe retires after 40 years
John Phillpotts, president of Univar Europe left the company after a 40-year career with Univar and its predecessors as of the beginning of June 2008. According to Terry Hill, senior vice president and chief commercial officer, "John's contribution to the development of Univar in Europe has been extremely significant. He will be missed by all who had the pleasure of working with him." Univar expects to appoint a replacement to head Univar Europe in the near future. John McKenzie, Univar Europe vice president – marketing and commercial, has been named acting president of Univar Europe, effective immediately. He will report to Mr. Hill until a permanent president is appointed. http://www.univarcorp.com
Trade Association members offer
Special offer for chemical distribution trade association members
Chemagility is currently offering €60 (£50 or $90) off the usual advertised price of a Full Company Profile on the directory for chemical distributors who are full members of their local trade asscociation (e.g. NACD, CBA, CDI, AECQ, UFCC, Associquim etc.). A Full Profile gives many added benefits over a basic entry including a fully searchable 200 word description of your company/activities, web links, a Principal/tradename listing, visitor statistics and more. Visit an example company profile page to see what your listing could look like.
* A Matter of Fact: Chemical distribution trade associations generally do an excellent job promoting the industry and encouraging the adoption of professional practices such as RDP/RC.. *
Upcoming events
Here is our editor's pick of upcoming chemical distribution
industry events:
OPSEM 2008, 10-12 September 2008, Caribe Royale Orlando All Suites Hotel & Conference, Florida, USA
Eurocoat 2008, 30 September - 2 October 2008, Eurexpo, Lyon, France
2008 China Chemical Industry Sourcing Fair, 28-30 October 2008, Shanghai International Exhibition Centre, Shanghai, China
About Us
Chemagility.com is the Internet's only chemical distribution focused search directory. The directory was launched over 2½ years ago with the aim of making it easier for chemical manufacturers, suppliers and their customers to find information about chemical distributors on the web. Besides information on the chemical distribution industry & marketing reports the company also provides a range of services ranging from consultancy, web site development, search marketing and online promotion.
Need help with Website Design or Search Engine Marketing (SEM)? Chemagility provides a wide range of services to help chemical producers and distributors make the most of their Internet presence. For more information please contact us on +44 (01420) 520393 or 476191 alternatively email us.
The Editorial Team
Chemagility .com - The World Chemical Distributor Directory
Email: newsletter@chemagility.com
* Industry information: Know someone who's interested in chemical distribution? Why not forward them this e-mail? *