Tag Archives: Solvents

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

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

OQEMA announces the Acquisition of Chemark ApS in Denmark

German Distribution Group adds new Location in Scandinavia

Chemicals distributor OQEMA AG (Mönchengladbach, Germany)  has announced the acquisition of Chemark ApS (Tureby, Denmark) for an undisclosed sum. The company mostly distributes Solvents for the Paints & Coatings, Pharmaceuticals, Surfactants and Cleaning Industries (Home Care and I & I) and achieves a turnover of ca. EUR 40 mn.


Anders Englund and Peter Nielsen, who have been managing the company for the last 12 years, will continue to lead the business under the new ownership, OQEMA said in the statement.


No financial details were disclosed on the transaction.


Source: OQEMA press release


HGE – DCG / 03.02.2020