Further Add-on Acquisition in Latin America to expand Coverage of the Region
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that its subsidiary IMCD México (Mexico City, Mexico) has signed an agreement to acquire Materias Químicas de México S.A. de C.V. [“Maquimex”] (Mexico City, Mexico), a distributor of specialty chemicals for an undisclosed amount.
Established in 1977, the company is an “asset light” distributor, providing commercial and technical expertise in the Preservatives, HI&I, Energy, Water Treatment sectors, as well as other industrial markets. With 44 employees, Maquimex under Luis Katz, General Manager, offers what IMCD called a “robust distribution coverage across México”. Sales activities are supported by an application laboratory.
The closing of the transaction, for which no financial details were communicated, is expected to take place in August 2021.
Source: IMCD press release
HGE – DCG / 19.07.2021
German Distribution Group expands to the Iberian Peninsula
Chemicals distributor OQEMA AG (Mönchengladbach, Germany) has announced the acquisition of Proquibasa S.A. (Barcelona, Spain) for an undisclosed sum. The company focuses on Coatings, Construction & Adhesives, Industrial Cleaning, Textile & Water Treatment, Food, Feed and Pharma. It has been active in the Spanish distribution market for over 40 years, and more recently also in Portugal and North Africa.
Proquibasa has two main warehouses, located in Barcelona and Madrid, and a network of warehouse locations across Spain and Portugal. Proquibasa’s range of commodity and semi-speciality products and their value-added services are seen as a perfect fit with OQEMA’s “full-line” distribution offering. Ivan Sanchez, who has managed Proquibasa with its team of more than 60 employees since 2016, will continue to lead the company, OQEMA said in the announcement.
No financial details were disclosed on the transaction.
Source: OQEMA press release
HGE – DCG / 16.03.2021
Global Distributor strengthens Capabilities for Water Treatment Products in the United Kingdom
Global chemical distributor Brenntag AG (Essen, Germany) announced that the group has acquired ICL Packed Ltd. (Grays (London), United Kingdom), a subsidiary of Industrial Chemical Ltd. [“ICL”]. The acquired business is a specialist in the distribution of packaged chemicals for Water Treatment.
As part of the transaction, activities for packaged products located in Selby and West Thurrock will close and will be transferred to Brenntag. ICL’s plants and other capabilities will be retained at both sites. This includes the bulk tanker business, according to a related statement by ICL.
In addition to the acquisition, the transaction includes Brenntag securing a supply agreement with ICL who is a large manufacturer of Caustic Soda, Hydrochloric Acid, Iron & Aluminium Coagulants as well as Sodium Hypochlorite in the UK.
The acquired business is expected to generate sales of approx. GBP 11 mn in the financial year 2020. Signing and closing of the transaction were realized simultaneously. No further financial details were disclosed on the transaction.
Source: Brenntag press release; ICL website
HGE – DCG / 29.01.2021
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
Global Distributor strengthens Presence in Eastern Canada
Global chemical distributor Brenntag AG (Essen, Germany) announced that the group has signed an agreement to acquire Alpha Chemical Ltd. (Dartmouth, Nova Scotia – Canada), a full-line chemical distributor with a focus on Oil & Gas, Mining, Water Treatment and Aquaculture.
According to the announcement, the acquired business generates annual sales of approx. USD 12 mn (approx. EUR 10.5 mn). Closing of the transaction is expected to be completed in early January 2021, subject to customary closing conditions. No further financial details were disclosed on the transaction.
Source: Brenntag press release
HGE – DCG / 29.12.2020
Expansion into Activated Carbon based Water and Air Purification Applications for Brenntag
Global chemical distributor Brenntag AG (Essen, Germany) announced that the group has signed an agreement to acquire Comelt S.p.A. (Cernusco sul Naviglio (MI) – Italy) and its subsidiary Aquadepur S.r.l. (Cogliate (MB), Italy) for an undisclosed sum. According to the announcement, the two businesses focus on the processing, marketing, and distribution of Activated and Re-activated Carbon for different applications such as Water Filtration and Purification of Air and Flue Gas. Included in the transaction are warehouses and a laboratory located in Northern Italy.
The acquired business generated sales of approx. EUR 31 mn in FY2019, Brenntag said. No further financial details were disclosed on the transaction, which is expected to close during this quarter, after certain contractual conditions have been met and regulatory approvals have been obtained.
Source: Brenntag press release
HGE – DCG / 19.10.2020