Global Distributor strengthens Capabilities for Water Treatment Products in the United Kingdom
Global chemical distributor Brenntag AG (Essen, Germany) announced that the group has acquired ICL Packed Ltd. (Grays (London), United Kingdom), a subsidiary of Industrial Chemical Ltd. [“ICL”]. The acquired business is a specialist in the distribution of packaged chemicals for Water Treatment.
As part of the transaction, activities for packaged products located in Selby and West Thurrock will close and will be transferred to Brenntag. ICL’s plants and other capabilities will be retained at both sites. This includes the bulk tanker business, according to a related statement by ICL.
In addition to the acquisition, the transaction includes Brenntag securing a supply agreement with ICL who is a large manufacturer of Caustic Soda, Hydrochloric Acid, Iron & Aluminium Coagulants as well as Sodium Hypochlorite in the UK.
The acquired business is expected to generate sales of approx. GBP 11 mn in the financial year 2020. Signing and closing of the transaction were realized simultaneously. No further financial details were disclosed on the transaction.
Source: Brenntag press release; ICL website
HGE – DCG / 29.01.2021