November 2 2023, David R Brown
Brenntag acquires OWI Chlor Alkali, one of the largest independent distributors of caustic soda in North America
Brenntag [ISIN DE000A1DAHH0], the global market leader in chemicals and ingredients distribution, has acquired OWI Chlor Alkali (Old World Specialty Chemicals, LLC, and Old World Logistics, LLC) from Old World Industries, LLC in Northbrook, Illinois. The business units will be integrated into Brenntag Essentials' existing network in North America, significantly expanding Brenntag Essentials' local and regional footprint.
Together, we will form a stronger business and create more value for our employees and customers
Scott Leibowitz
President of Brenntag Essentials North America
Ewout van Jarwaarde, CEO of Brenntag Essentials, commented: “OWI Chlor Alkali will boost our regional supply chain and sourcing capabilities in North America, in particular for caustic soda and potassium hydroxide. By joining forces we gain access to tollgates and infrastructure in the region, supporting growth in our last mile service operations in order to serve both Brenntag and OWI Chlor Alkali customers better and more efficiently.”
OWI Chlor Alkali is headquartered in Northbrook, Illinois, and was first established in 2016 as distribution business, with the logistics division being subsequently established in 2020. The OWI Chlor Alkali product portfolio includes caustic soda, potassium hydroxide, methanol, sulfuric acid and glycols. In 2022, OWI Chlor Alkali reported annual sales of USD 279.7 million.
Scott Leibowitz, President for Brenntag Essentials North America, added: “We are delighted to welcome OWI Chlor Alkali to the Brenntag family. Together, we will form a stronger business and create more value for our employees and customers, focusing our efforts into making Brenntag the easiest to do business with.”
Tom Armstrong, Managing Director of Old World Specialty Chemicals, commented: “Joining the global market leader in chemicals and ingredients distribution is an exciting opportunity for us, and a chance to leverage our setup and market position to reach additional customers with our products and service offering. Brenntag's global sourcing and market intel capabilities will significantly enhance our market position, to which we can contribute as well.”
Old World's CEO, Greg Noethlich added: “We are extremely proud of the work our Specialty Chemicals team accomplished and know Brenntag is the right move in taking the business to the next level.”
Financial details of the deal are not being disclosed. Signing and closing of the transaction occurred simultaneously.
About Brenntag
Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 17,500 employees worldwide and operates a network of about 600 sites in 72 countries. In 2022, Brenntag generated sales of around 19.4 billion EUR. The two global divisions, Brenntag Essentials and Brenntag Specialties, provide a full-line portfolio of industrial and specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, comprehensive regulatory know-how, and digital solutions for a wide range of industries.
Source(s): Brenntag Press Release
Further Information
Visit: https://www.brenntag.com