Brenntag acquires Leis Polytechnik polymere Werkstoffe GmbH and enters High-performance Polymers Compounding
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany), earlier this week announced that has signed an agreement to acquire Leis Polytechnik polymere Werkstoffe GmbH, (Ramstein-Miesenbach, Germany), a company specialised in the development, production and distribution of high-performance polymer compounds.
Leis delivers around 700 products for a wide range of applications in highly diverse industries in Germany such as Automotive, Electronics, Medical Technology, Packaging and Building & Construction, Brenntag said in the announcement.
According to Brenntag, the acquired business is expected to generate sales of approximately EUR 11.3 mn in the financial year 2016. Based on a Gross Profit 2016 of ca. EUR 5.9 mn, a “normalised” EBITDA of ca. EUR 2.3 mn should be reached.
The closing of the transactions will occur in the course of the next weeks, Brenntag said. The investment amounts to EUR 15.9 mn.
Source: Brenntag press release
HGE – DCG / 23.12.2015