Brenntag strengthens position in the UK by acquiring specialty and industrial chemical company Tan International
Dear all,
Please find attached the press release of Brenntag on the acquisition of the British specialty and industrial chemical company Tan International.
For further information please see the press release below.
If you have any questions, please do not hesitate to contact us.
Best regards,
Hubertus Spethmann
Essen, December 17, 2019
Brenntag strengthens position in the UK by acquiring specialty and industrial chemical company Tan International
Brenntag (WKN A1DAHH), the global market leader in chemical and ingredients distribution, today has acquired Tan International Limited headquartered in Perth, Scotland. The company is a distributor and blender of specialty and industrial chemicals and ingredients with a broad product and service portfolio for a variety of industries including food and beverage, pharmaceutical, agriculture, and energy.
Karsten Beckmann, Member of the Management Board of Brenntag Group and CEO Brenntag Europe, Middle East and Africa: "With the acquisition of Tan International we complement our existing activities and offering in the region and thus strengthen our position in the country. The company's strong relationships with large key accounts as well as its diverse portfolio support our ambition to expand further in focus industries such as Food & Nutrition, Agriculture and Oil & Gas."
Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: "With the acquisition, Brenntag can develop the company's existing structure, diversified supplier base, blending capabilities and strong technical resources to support our growth in the area and provide its customers with access to the extensive Brenntag product portfolio. The excellent location of the site in Perth will also enable Brenntag to enhance our regional coverage and offer improved service capabilities across the region."
The acquired business is expected to generate sales of approximately GBP 21 million in the financial year 2019.
About Brenntag:
Brenntag is the global market leader in chemical and ingredients distribution. We connect our suppliers and customers in value-adding partnerships. Our more than 16,600 employees provide tailor-made application, marketing and supply2chain solutions. Technical and formulation support, market, industry and regulatory expertise as well as advanced digital tools are just some examples of our services that are aiming to create an excellent customer experience. Our full-line portfolio comprises specialty and industrial chemicals and ingredients of a world-class supplier base. Building on its long-standing experience, unmatched global reach and local excellence, Brenntag works closely alongside its partners to make their business more successful. We are committed to contribute towards greater sustainability in our own business and the industries we serve, and to achieve sustainable profitable growth. Headquartered in Essen (Germany) and with regional headquarters in Philadelphia, Houston and Singapore, Brenntag operates a unique global network with more than 580 locations in 76 countries and generated sales of EUR 12.6 billion (USD 14.8 billion) in 2018. Brenntag shares are traded at the Frankfurt Stock Exchange (BNR).
Press contact:
Hubertus Spethmann Brenntag AG Corporate Communications Messeallee 11 45131 Essen Germany Telephone: +49 (201) 6496-1732 E-Mail: hubertus.spethmann@brenntag.de www.brenntag.com