Brenntag strengthens its footprint in Canada by acquiring the chemicals distribution business of Canada Colors and Chemicals
July 3 2018, David R BrownTweet
Brenntag (WKN A1DAHH), a global leader in chemical distribution, has signed an agreement with Canada Colors and Chemicals Ltd. to acquire the company's chemicals distribution business ('CCC'). Headquartered in Toronto, CCC offers a full-line portfolio with operations in the main industrial areas across all of Canada. CCC serves a highly diversified customer base in industries such as Life Sciences, Water Treatment, Coatings, Construction, Energy and Mining.
CCC's broad positioning and extensive product and service portfolio perfectly complement Brenntag's offer to our customers and suppliersSteven Holland
CEO Brenntag Group
Steven Holland, CEO Brenntag Group: “With the acquisition of CCC, Brenntag strengthens its focus and specialties capabilities in both Life Science and Material Science. CCC's broad positioning and extensive product and service portfolio perfectly complement Brenntag's offer to our customers and suppliers.”
CCC maintains well-invested, scalable and flexible facilities across Canada to store, blend and package industrial and specialty chemicals and products. Its Life Science offer includes a state-of-the-art ingredients application lab, several own formulations and a highly qualified technical staff. CCC's blending capabilities and formulation expertise in the Oil & Gas business opens interesting synergetic business opportunities with Brenntag Canada's Oil & Gas operations. In addition, the company's own truck fleet will extend Brenntag's value-added service offering.
Guy Carr-Harris, Chairman and CEO of Canada Colors and Chemicals Ltd.: “The sale of our chemicals distribution business to Brenntag is an exciting opportunity for our employees and stakeholders to join forces with one of the world's leading international chemical distribution companies. The combination of Brenntag's global reach and our technical capabilities provide a compelling platform for our customers and suppliers.”
The business generated total sales of approximately 140 million EUR in the financial year 2017. Gross profit 2017 amounted to around 25 million EUR. The business is valued at an Enterprise Value of around 86 million EUR. Closing of the transaction is expected within the course of the next weeks, subject to contractually agreed closing conditions.
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Essen, Germany, the company operates a global network with more than 530 locations in 74 countries. In 2017, the company, which has a global workforce of more than 15,000 employees, generated sales of EUR 11.7 billion. (USD 13.3 billion). Brenntag connects chemical manufacturers and chemical users. The company supports its customers and suppliers with tailormade distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stopshop solutions to around 185,000 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.
Source(s): Brenntag Press Release
Attention Chemical Distributors!
Please send your press releases to: email@example.com
Latest Distributor News
- 20 May 2019 - Safic-Alcan opens a new subsidiary in Greece »...Source: Safic Alcan Press Release
- 13 May 2019 - Krahn Chemie acquires eMBe Products & Service »...Source: Krahn Chemie Group Press Release
- 1 May 2019 - Brenntag expands its value-added services offering in the USA by acquiring Marlin Company »...Source: Brenntag Press Release
- 1 Apr 2019 - Oqema group acquires Italian chemical distributor Elettrochimica Valle Staffora (EVS) »...Source: Oqema Press Release
- 1 Apr 2019 - Sumitomo acquires a majority stake in SACI-CFPA (SACI), a Paris-based cosmetic ingredients distributor »...Source: Sumitomo Press Release
- 1 Apr 2019 - Pietro Carini changes its name to Krahn Italia »...Source: Krahn Chemie Group Press Release
- 29 Mar 2019 - Safic-Alcan acquires Luigi & Felice Castelli and a majority stake in Castelli Food »...Source: Safic Alcan Press Release
- 22 Mar 2019 - Chemlink Specialities Ltd and Addi-Tec Ltd are now part of the HARKE GROUP »...Source: Harke Press Release
- 18 Mar 2019 - Safic-Alcan acquires UK-based specialty chemicals distributor, Langley-Smith & Company »...Source: Safic Alcan Press Release
- 14 Mar 2019 - Brenntag buys a 51% stake in Singapore-based supply chain solutions leader, TEEHAI »...Source: Brenntag Press Release
- 12 Mar 2019 - Azelis strengthens its presence in Canada through the acquisition of Chemroy »...Source: Azelis Press Release
- 4 Mar 2019 - Brenntag acquires regional US specialty chemicals distributor New England Resins & Pigments Corporation »...Source: Brenntag Press Release
- 1 Mar 2019 - Aceto to divest chemical and ingredient distribution assets because of bankruptcy »...Source: Aceto Press release
- 1 Mar 2019 - Univar completes acquisition of Nexeo Solutions and re-launches as Univar Solutions »...Source: Univar Press Release
- 1 Mar 2019 - STOCKMEIER acquires the industrial chemicals division of Spanish distributor, Indukern »...Source: Stockmeier Press release
- 28 Feb 2019 - Azelis buys MK Ingredients & Specialties to strengthen its position in the Indian food segment »...Source: Azelis Press Release
- 8 Feb 2019 - Univar and Nexeo Solutions to divest Nexeo's plastics distribution business to One Rock Capital Partners »...Source: Univar Press Release
- 22 Jan 2019 - Regulatory consulting services Yordas Group expands with the opening of German office »...Source: Yordas Press Release
- 17 Jan 2019 - Azelis acquires Polish flavours distributor Euroconsultant Sp.zoo »...Source: Azelis Press Release
- 16 Jan 2019 - Brenntag strengthens US lubricants business by acquiring the lubricants division of Reeder Distributors, Inc. »...Source: Brenntag Press Release
- 19 Dec 2018 - Brenntag strengthens footprint in the Canadian Life Science markets by acquiring Pachem Distribution »...Source: Brenntag Press Release
- 19 Dec 2018 - Azelis increases its pharma presence in Italy through the acquisition of Deafarma S.r.l. »...Source: Azelis Press Release
- 13 Dec 2018 - Rehau completes acquisition of commodity polymer supplier MB Barter & Trading »...Source: Rehau Group Press Release
- 13 Dec 2018 - HARKE Pharma and Hulshof Protein Technologies joint forces in the sales of beef proteins in Europe »...Source: Harke Group Press Release
- 1 Dec 2018 - Ravago Chemicals acquires global chemical distribution and trading company, KH Chemicals »...Source: Ravago Chemicals Press Rlease