October 10 2019, David R Brown
Brenntag increases footprint in Brazil by acquiring industrial and specialty chemicals distributor Quimisa
Brenntag (WKN A1DAHH), the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Quimisa SA ('Quimisa') including its logistics subsidiary Quimilog. The company headquartered in Brusque, Brazil, has a strong market position in providing industrial and specialty chemicals to regional and international clients in Southern Brazil.
The combination of Quimisa’s market position in Southern Brazil with Brenntag’s market reach and expertise will benefit our customers and supply partners across the Brazilian market
Anthony Gerace
Managing Director Mergers & Acquisitions at Brenntag Group
The product portfolio includes industrial chemicals such as caustic soda and hydrogen peroxide as well as a wide range of specialty chemicals like textile auxiliaries, dyes and polymers. Products are supplied to the textile, household products, food and beverage and paper industries with a strong logistics and customer service model.
German Torres, Chief Executive Officer of Brenntag Latin America: “For Brenntag, the acquisition of Quimisa is an attractive investment with a strong infrastructure which will allow us to increase our market position in Brazil. The location of its facilities in the states of Santa Catarina, Parana and Rio Grande do Sul and its business model enhance our abilities to support the textile and household chemicals industries.”
Rogeiro Wehmuth, General Manager Quimisa and Quimilog: “I am proud to join the market leader in chemical distribution in Brazil and be part of a solid team that will combine the strengths of both organizations to capitalize market opportunities.”
Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: “This acquisition will expand our capabilities and service offering in Brazil. The combination of Quimisa’s market position in Southern Brazil with Brenntag’s market reach and expertise will benefit our customers and supply partners across the Brazilian market.”
In 2018, the business reported total sales of approximately EUR 60.8 million. Completion of the transaction is expected to occur in the course of the next weeks, subject to contractually agreed closing conditions.
About Brenntag
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in
Essen, Germany, the company operates a global network with more than 580 locations in 76 countries and a workforce of more than 16,600 employees.
In 2018, the company generated sales of EUR 12.6 billion (USD 14.8 billion). Brenntag connects chemical manufacturers and chemical users. The company
supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With more than 10,000 products and a worldclass supplier base, Brenntag offers one-stop-shop solutions to around 195,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.
Source(s): Brenntag Press Release
Further Information
Visit: https://www.brenntag.com