Transaction helps to create a “highly reliable and competitive” Logistics Network in the United States
Global chemical distributor Brenntag SE (Essen, Germany) last week said it has acquired all operating assets and the business of Matrix Chemical, LLC [“Matrix”] (San Juan, PR – United States), a Solvents distributor and the largest distributor of Acetone in North America, for an undisclosed sum.
The company distributes Acetone and a selection of other other Solvents to customers in the U.S. and in Canada, with storage tanks at bulk terminals in Houston, TX, Chicago, IL, Vanport, PA and Wilmington, NC. In 2021, sales to-date are approx. USD 200 mn (ca. EUR 170 mn). Industries covered include Adhesives, Paints & Coatings and Personal Care.
Signing and closing of the transaction occured simultaneously, Brenntag said in the announcement. No financial details or other terms were disclosed regarding this transaction.
Source: Brenntag press release
HGE – DCG / 10.08.2021