November 5 2015, David R Brown
Brenntag enters into agreements to acquire two leading US lubricants distributors
Brenntag, the global market leader in chemical distribution, has announced an expansion of its lubricants business in North America by signing agreements to acquire two leading distributors: J.A.M. Distributing Company, LLC, and related entities, headquartered in Houston, Texas, and G.H. Berlin-Windward, headquartered in Manchester, New Hampshire.
Both acquisitions are a significant investment in rebalancing our industry mix in North America
Steven Holland
CEO Brenntag Group
J.A.M. and G.H. Berlin-Windward are distributing across the entire lubricant supply chain in a broad range of customer industries. Both companies offer integrated product and service solutions focused on a wide range of lubricants servicing to industrial, commercial, automotive, and marine end markets throughout the Gulf Coast, Texas and the northeast United States respectively.
Steven Holland, CEO Brenntag Group: “Both acquisitions are a significant investment in rebalancing our industry mix in North America and complement our existing business in the less volatile lubricants market. This represents a strategic review and shift to counteract the structural change in oil & gas earnings in North America.”
Markus Klähn, Member of the Management Board of Brenntag Group and CEO Brenntag North America: “Both companies are valuable additions to our existing business in the lubricants distribution market which is attractive in terms of size, growth and profitability. They will further diversify our industry portfolio and solidify our strong market position in lubricant distribution in North America.“
The combined companies are expected to contribute sales of approximately USD 780 million in the financial year 2016. The closing of the transactions will occur in the course of the next weeks, subject to contractually agreed closing conditions.
About Brenntag
Headquartered in Mülheim an der Ruhr, Germany, Brenntag is the market leader in chemical distribution and operates a global network of over 490 locations in more than 72 countries. In 2014, the company, which has a global workforce of more than 13,000, generated sales of EUR 10.0 billion (USD 13.3 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