News Article 2014

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April 1 2014, David R Brown

Brenntag expands footprint in Latin America with the acquisition of specialty solvents distributor

Brenntag, the global market leader in chemical distribution, has acquireed Gafor Distribuidora Ltd, a distributor of specialty solvents in Latin America which is part of Grupo Gafor headquartered in Sao Paulo, Brazil. The largest industries being served by Gafor are coatings, adhesives, personal care and chemical manufacturing. Gafor operates modern storage and distribution facilities and has 3 storage terminals with a total of 51 tanks and nearly 6,000 cubic metres of capacity.

By acquiring Gafor we expand our market presence in Brazil as the most important chemical distribution market in Latin America

Steve Holland
CEO Brenntag Group

Steven Holland, CEO Brenntag Group: “Gafor is very well positioned to supply local markets with well recognized high quality products from major chemical manufacturers. By acquiring Gafor we expand our market presence in Brazil as the most important chemical distribution market in Latin America and we add critical mass to our existing operation in the country.”

Gafor Distribuidora was formed in 2003 as Grupo Gafor looked to expand its range services in the supply chain to chemical distribution. In 2006, the company entered the Argentinean market and in 2007 they became the exclusive distributor ExxonMobil in Brazil for their hydrocarbon fluids.

For the financial year 2013, Gafor generated total sales of approximately USD 70 m. Closing of the transaction is expected in the course of the next few weeks.

About Brenntag
Headquartered in Mülheim an der Ruhr, Germany, Brenntag is the market leader in chemical distribution and operates a global network of over 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). 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, 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

Further Information

Visit: http://www.brenntag.com