December 17 2019, David R Brown
Brenntag strengthens its position in the UK by acquiring Tan International
Brenntag (WKN A1DAHH), the global market leader in chemical and ingredients distribution, 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.
With the acquisition of Tan International we complement our existing activities and offering in the region and thus strengthen our position in the countryKarsten Beckmann, Member of the Management Board of Brenntag Group and CEO Brenntag EMEA
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.
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