Germany’s Brenntag completes acquisition of ISM/Salkat Group

16 July 2012 14:16  [Source: ICIS news]

LONDON (ICIS)--Brenntag said on Monday that it has completed the acquisition of Australia-based specialty chemicals distribution company ISM/Salkat Group for an undisclosed amount.

The Germany-based chemical distributor said the deal significantly expands its market position in Australia and New Zealand and enlarges its existing specialty product portfolio in the region.

“By acquiring the ISM/Salkat Group we make a significant step in building up the capability of Brenntag’s network in Australia and New Zealand,” said Steven Holland, CEO of Brenntag.

Brenntag first announced the acquisition on 2 July.

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

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