Brenntag expands in the Pharma and Food Industry in South Africa
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany), today announced the signing of an agreement acquiring Warren Chem Pty Ltd. (Cape Town, South Africa), a specialty chemicals distributor focusing on the Pharma and Food industries in South Africa.
Brenntag said Warren Chem would complement the group’s existing product portfolio. The company is mainly servicing the Pharmaceutical and Nutraceutical as well as the Food & Beverage industry and maintains modern warehouse and distribution facilities in Cape Town and Johannesburg.
The acquired business generated sales of EUR 26.6 mn in FY2015, with a gross profit of EUR 7.4 mn and a normalised EBITDA of EUR 3.3 mn. Closing of the transaction, which is representing an investment of EUR 23.7 mn, is expected to take place during the next few months.
Source: Brenntag press release, Brenntag communication
HGE / DCG – 29.06.2016