Ravago, Barentz Europe to combine chemical distribution activities

16 November 2011 15:22  [Source: ICIS news]

LONDON (ICIS)--Belgium-based Ravago Group and Netherlands-based Barentz Europe have decided to combine their chemical distribution activities in a new 50:50 joint venture, they said on Wednesday.

The new company, Barentz Ravago Chemical Specialist, will have total consolidated annual sales of over €160m ($216m) and be operational as of 1 January 2012.

The companies said their aim is to become one of the leading chemicals speciality distributors in Europe.

In addition, the new joint venture will cooperate with Spain-based chemicals distributor Campi y Jove, a joint venture held 50% by Ravago, which covers Iberia and North Africa and has annual sales of €250m.

“This new family-owned group of companies offers a very powerful true Pan-European alternative for the chemical industries. It enables us to grow faster with our principals and customers,” said Theo Roussis, CEO of Ravago Group.

“It is fascinating to see that we create a new leader in the chemical distribution ... It is a new start to create much more opportunities, including direct access to the Middle East and Africa,” said Hidde van der Wal, CEO of Barentz Europe.

($1 = €0.74)

By: Franco Capaldo
+44 (0)20 8652 3214

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