Brenntag enters Agreements to buy two Lubricants Distributors in the US
Earlier this month, global chemical distributor Brenntag AG (Mülhiem an der Ruhr, Germany) announced that it is planning the expansion of its lubricants business in North America through two acquisitions. In that context the group has been signing agreements to acquire lubricants distributors J.A.M. Distributing Company, LLC (Houston, TX – United States) and related entities, and G.H. Berlin-Windward (Manchester, NH – United States).
J.A.M. and G.H. Berlin-Windward are distributing along the entire lubricant supply chain in a broad range of customer industries, Brenntag said. Both companies offer integrated product and service solutions, focused on a wide range of lubricant products to users in industrial, commercial, automotive, and marine applications
Brenntag expects the two companies to contribute sales of ca. USD 780 mn in FY2016. Closing of the transactions is planned to take place in the next few weeks, subject to meeting contractually agreed conditions.
No further financial details were disclosed on the transactions.
Source: Brenntag press release
HGE – DCG / 30.11.2015