Group continues Operation from Essen, Germany HQ under a two-tier Board Structure
Global chemical distributor Brenntag SE (Essen, Germany) announced that it has completed the process of changing from a German Aktiengesellschaft “AG” (i.e. a public limited company or stock corporation) to a Societas Europaea “SE” (i.e. European Company). The group is now doing business as Brenntag SE. The conversion, which is effective 01. February 2021, was initially announced by Management and Supervisory Board in autumn of 2019 and subsequently approved by shareholders at the Ordinary General Meeting on 10. June 2020.
Brenntag SE will keep its headquarters in Essen and continue operating under a two-tier structure with a Management and a Supervisory Board, as before. The onversion will not affect the responsibilities or composition of either board. Brenntag said the SE is an internationally recognised legal form which is viewed positively by the capital market.
Source: Brenntag press release
HGE – DCG / 02.02.2021
Consolidation in German Distribution Market continues
Privately held chemical distributor VMP Chemiekontor GmbH (Siegburg, Germany) has recently announced the acquisition of Quaan GmbH (Hamburg, Germany), a trader and distributor of Additives, Fillers, Pigments, Resins and Solvents for the CASE (= Coatings, Adhesives, Sealants & Elastomers) sector from sole shareholder Harry Reimers for an undisclosed sum.
Source: VMP Chemiekontor website
HGE – DCG / 18.01.2021
UK based Group takes over Business from Air Liquide to reach nationwide Coverage
Chemicals services group 2M Holdings Ltd. (London, United Kingdom), parent company of chemical distributors Banner Chemicals and Surfachem has expanded its Dry Ice business in Germany by acquiring the Dry Ice business from Air Liquide (Paris, France) through its subsidiary CE-O2 Trockeneis GmbH (Düsseldorf, Germany).
The acquired business, which operates from 9 supply locations across Germany, will become part of CE-O2 Trockeneis GmbH and make the company a a nationwide dry ice supplier across Germany.
Dry Ice is supporting and enabling many industries, 2M Holdings said in the announcement. It “is essential for many of the things we depend on daily, with life-saving consequences in some cases.” Typical uses are in:
- Pharmaceuticals / Life Sciences – to support the transportation of tissues and biological samples or vaccines, and other life-saving applications.
- Food – the preservation of food and reduction of waste when transporting many food products.
- Industrial Services – the cleaning of sensitive industrial plants through dry ice blasting.
The newly acquired business will be managed by Philipp Lüdicke, Managing Director of CE-O2 Trockeneis GmbH. No financial details were disclosed on the transaction.
Source: 2M Holdings press release
HGE – DCG / 12.10.2020