Brenntag acquires Plastichem Pty Ltd. In South Africa
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany), announced recently that it has signed an agreement to purchase 100% of the shares of the specialty chemicals distributor Plastichem Pty Ltd., (Kempton Park [Johannesburg], South Africa).
The acquired company is a distributor of high performance polymers for plastics and rubber with a focus on “entire supply chain solutions and services to customers in South Africa and Sub Saharan Africa”.
Plastichem is expected to achieve sales of approx. EUR 26.9 mn in FY2016. Closing of the transaction is expected in the course of the next few weeks, subject to contractually agreed closing conditions, Brenntag said.
Source: Brenntag press release
HGE – DCG / 23.12.2015