Brenntag acquires UK specialty chems distributor Multisol Group

01 December 2011 11:16  [Source: ICIS news]

LONDON (ICIS)--Brenntag has completed the acquisition of UK-based specialty chemicals distributor Multisol Group Limited, the Germany-based company said on Thursday.

Financial details of the acquisition were not disclosed.

Brenntag said the step will further expand its product portfolio into lubricant additives and high-quality base oils, as well as increase its mixing and blending capabilities.

“Multisol offers the potential to leverage Brenntag’s infrastructure and logistics network, in conjunction with Multisol’s in-depth technical expertise and product portfolio, to drive sales growth,” said Brenntag CEO Steven Holland.

“By combining sales activities in the UK, western Europe, CEE [central and eastern Europe] and Africa and the cross-selling of our existing product portfolio to Multisol’s customer base and vice versa, we aim for continued growth in existing and new markets,” he added.

For the year 2012, Multisol expects sales of £238m ($372m, €277m).

($1 = £0.64, €1 = £0.86)

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

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