Brenntag expands Industrial Chemicals Coverage on the East Coast
Global chemical distributor Brenntag AG (Essen, Germany) announced that it has acquired the operating assets for Caustic Soda distribution from Suffolk Solutions, Inc. (Suffolk, Virgina – United State), in order to get “greater supply flexibility, manoeuvrability and additional storage capacity” in the region.
Suffolk Solutions, founded in 2005, has access to a bulk terminal as well as to a rail transloading facility within the state of Virginia.
The acquired business generated sales of approximately USD 15.6 mn in the 12-month period ending 30. April 2020, Brenntag said. No further financial details were disclosed on the transaction.
Source: Brenntag press release
HGE – DCG / 03.08.2020