Tag Archives: Asset Deal

Brenntag has acquired U.S. Solvents Distributor Matrix Chemical in Asset Deal

August 10, 2021 Guenther Eberhard Leave a comment

Transaction helps to create a “highly reliable and competitive” Logistics Network in the United States

Global chemical distributor Brenntag SE (Essen, Germany) last week said it has acquired all operating assets and the business of Matrix Chemical, LLC [“Matrix”] (San Juan, PR – United States), a Solvents distributor and the largest distributor of Acetone in North America, for an undisclosed sum.

The company distributes Acetone and a selection of other other Solvents to customers in the U.S. and in Canada, with storage tanks at bulk terminals in Houston, TX, Chicago, IL, Vanport, PA and Wilmington, NC. In 2021, sales to-date are approx. USD 200 mn (ca. EUR 170 mn). Industries covered include Adhesives, Paints & Coatings and Personal Care.

Signing and closing of the transaction occured simultaneously, Brenntag said in the announcement. No financial details or other terms were disclosed regarding this transaction.

Source: Brenntag press release

HGE – DCG / 10.08.2021

Azelis to acquire Distribution Business of Spectrum Chemicals and Nortons Exim

April 19, 2021 Guenther Eberhard Leave a comment

Private Equity owned Distribution Group expands Market Coverage in India with Asset Deal

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has announced that it has signed an agreement to acquire the distribution assets of Spectrum Chemicals and Nortons Exim Pvt. Ltd. [“Spectrum”] (Mumbai, India) from founder Parindu Metha and his family for an undisclosed sum.

The two companies, with offices in Mumbai and New Delhi, are active in the distribution of specialty chemicals used in Home Care, Road Construction and Agrochemicals, Azelis said in the announcement. Parindu Metha will stay with Azelis and it is planned to establish an Agrochemicals laboratory facility. This will be in addition to the three laboratories, for CASE, Personal Care and Food, which Azelis has established over the years, since first entering India in 2008.

No financial information was disclosed on the transaction, which is expected to be completed within the next few weeks, according to Azelis’ press release.

Source: Azelis press release

HGE – DCG / 19.04.2021

Hawkins expands Water Treatment with C&L Aqua Deal

January 14, 2021 Guenther Eberhard Leave a comment

Water Treatment Group of Hawkins, Inc. is now present in Louisiana

North American chemical distributor Hawkins, Inc. (Roseville, MN – United States) has recently announced that the company has acquired substantially all of the assets of C&L Aqua Professionals, Inc. and LC Blending, Inc. [together “C&L Aqua”] (Sulphur, LA – United States) for an undisclosed sum.

Hawkins said that Steve Belshe, President of C&L Aqua and LC Blending will “continue to be involved in the business going foward”.

Source: Hawkins website

HGE – DCG / 14.01.2021

Brenntag acquires Caustic Soda Distribution Assets in the U.S. from Suffolk Solutions Inc.

August 3, 2020 Guenther Eberhard Leave a comment

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.