Brenntag to acquire the Chemical Distribution Business of Canada Colors & Chemicals Ltd.
Global chemical distributor Brenntag AG (Essen, Germany) yesterday announced that the company has signed an agreement with Canada Colors and Chemicals Ltd. (Toronto, ON – Canada) to acquire the company’s chemicals distribution business (“CCC”). The business is offering a full-line portfolio based on operations in the main industrial areas across all of Canada, the statement said.
CCC supplies a diversified customer base in industries such as Life Sciences, Water Treatment, Coatings, Construction, Energy and Mining from what Brenntag describes as “well-invested, scalable and flexible facilities across Canada to store, blend and package industrial and specialty chemicals and products. Its Life Science offer includes a state-of-the-art ingredients application lab, several own formulations and a highly qualified technical staff. CCC’s blending capabilities and formulation expertise in the Oil & Gas business opens interesting synergetic business opportunities with Brenntag Canada’s Oil & Gas operations. In addition, the company’s own truck fleet will extend Brenntag’s value-added service offering.”
The business generated total sales of approximately EUR 140 mn in FY2017. Closing of the transaction is expected within the course of the next few weeks, subject to contractually agreed closing conditions, Brenntag said.
Source: Brenntag press release
HGE – DCG / 04.07.2018