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 ?xml:namespace>
For the year 2012, Multisol expects sales of £238m ($372m, €277m).
($1 = £0.64, €1 = £0.86)
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