Brenntag will acquire Lionheart to increase its Food & Beverage Presence in South Africa
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany) has agreed to acquire South African distributor Lionheart Chemical Enterprises (Pty) Ltd, the group said today in a statement.
Lionheart, a specialty distributor market operating mainly in the food & beverage industry, is located in Johannesburg. Sales for FY2014 were ca. EUR 12.0 mn, Brenntag said.
No financial details were given on the transaction, which is expected to close within a few weeks.
Source: Brenntag press release
HGE – DCG / 24.02.2015
After having focused on establishing a footprint in Asia as well as Latin America over the last few years, besides the very comprehensive coverage of Europe and North America built over the last 30 years, Brenntag appears to be increasingly active in Africa and the Middle East.