Brenntag expands Coverage with “bolt-on” Acquisition in the South of Brazil
Global chemical distributor Brenntag AG (Essen, Germany) announced that it has signed an agreement to acquire Quimisa SA [“Quimisa”] (Brusque, Santa Catarina – Brazil), including its logistics subsidiary Quimilog. The company has a strong market position in providing industrial and specialty chemicals to regional and international clients in Southern Brazil, the announcement said.
The product portfolio of Quimisa includes industrial chemicals such as Caustic Soda and Hydrogen Peroxide, as well as a wide range of specialty chemicals like Textile Auxiliaries, Dyes and Polymers. Products are supplied to the Textile, Household Products, Food & Beverage and the Paper industry, employing a strong logistics and customer service model. Logistics facilities are located in the states of Santa Catarina, Parana and Rio Grande do
In 2018 the company generated total sales of EUR 60.8 mn. No financial details were disclosed on the transaction, which is subject to certain contractual closing conditions. Closing is expected to take place during few weeks, Brenntag said.
Source: Brenntag press release
HGE – DCG / 11.10.2019