Brenntag first again in the ICIS Top 100 Chemical Distributors listing

LONDON (ICIS)–Brenntag once again keeps its number 1 position in the 7^th annual ICIS Top 100 Chemical Distributors listing, just released on Monday.

The Germany-based company held the top spot with $11.2bn in sales, followed by US-based Univar with $9.0bn in revenues, according to ICIS Chemical Business magazine.

Germany’s Helm came in at number 3 with $4.9bn in sales, US-based Vinmar International was 4th overall with sales of $4.1bn, followed by Nexeo Solutions in 5th with sales of $3.8bn.

This year’s global listing is ranked by 2015 sales, with currency conversions to US dollars based on year-end 2015 exchange rates.

“With crude oil prices having declined, bringing down chemical prices in their wake, it has been challenging to grow sales organically,” said Joseph Chang, global editor of ICIS Chemical Business

“Following successful initial public offerings (IPOs) in the sector, many companies are aggressively employing mergers and acquisitions (M&A) to build scale in today’s slow growth environment,” he added.

The ICIS Top 100 Chemical Distributors ranking, which appears in the July 25, 2016 issue of ICIS Chemical Business, is available for download “” www.icis.com=”” pages=”” icis-top-100-chemical-distributors= “”>here.