May 7 2024, David R Brown
Brenntag grows its market presence in Mexico with the acquisition of Quimica Delta
Brenntag, the global market leader in chemicals and ingredients distribution, today announced the acquisition of Quimica Delta, a leading distributor of essential chemicals operating a dense last mile service operation network in central Mexico with access to tollgates in Mexico.
Combined, Brenntag and Quimica Delta will be well positioned in one of the world's fastest-growing markets for chemicals
Ewout van Jarwaarde
CEO of Brenntag Essentials
Founded in 1974, Quimica Deltas main site is located in Teoloyucan, close to Mexico City and major customers in Central Mexico. Quimica Delta has built up a diverse portfolio of industrial chemical products and has established long-standing relationships with global supply partners in Mexico. The company also operates several rail terminals and has access to maritime port infrastructure at Altamira, strategically located as a tollgate for chemicals mainly imported from the United States. In 2023, the company reported annual sales of USD 368 million.
Ewout van Jarwaarde, CEO of Brenntag Essentials, commented: “Brenntag Essentials is focused on developing our triple business strategy, combining our unique capabilities in the market of a cost-efficient network of last mile service operations with regional sourcing and supply chain services, and interregional optimisation. The multimodal last mile operational capabilities and the access to marine terminal capacity of Quimica Delta expand our capability to serve our customers and supply partners in Mexico cost-efficiently and with the highest services levels in the market. Combined, Brenntag and Quimica Delta will be well positioned in one of the world's fastest-growing markets for chemicals.”
“Joining Brenntag grants us the access to a global distribution network, a significant step to expand our product catalogue at scale of what we can offer our customers and supply partners in the Mexican market”, added Fernando Bueno, CEO of Quimica Delta. “Our dedicated team with extensive experience in the sales and distribution of chemical products in our industry in Mexico and the region will truly benefit from joining the world market leader in chemicals distribution.”
Financial details of the deal are not being disclosed. Closing of the transaction is subject to customary conditions including regulatory approvals and is expected in Q3 of 2024.
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 17,700 employees worldwide and operates a network of about 600 sites in 72 countries. In 2023, Brenntag generated sales of around EUR 16.8 billion. 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