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Sunday, 22 September 2019
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Markets & companies, Raw materials market

Chemical distribution: Brenntag acquires the ISM/Salkat Group

Tuesday, 3 July 2012

This strategic acquisition significantly expands Brenntag’s market position in Australia and New Zealand and strengthens the company’s platform for long-term growth in the region.

The acquisition significantly expands Brenntag’s local supplier base and adds another 1,200 customers to the existing customer base. Source: Barajas, Benito
The acquisition significantly expands Brenntag’s local supplier base and adds another 1,200 customers to the existing customer base. Source: Baraja...

Chemical distributor Brenntag has signed a purchase agreement to acquire the entire business of the ISM/Salkat Group, distributor of specialty chemicals in Australia and New Zealand. "The acquisition of the ISM/Salkat Group represents a huge step to achieve our strategic position as a full-line chemical distributor with an established and competitive platform in Asia-Pacific”, says Steve Holland CEO Brenntag Group. The transaction will enlarge the distributor’s existing specialty product portfolio in the region for industries like coatings, food & beverage, personal care and pharmaceuticals as well as leveraging on operational capabilities.

Brenntag will start integrating its existing organization with the ISM/Salkat Group shortly after closing. The Australian Group expects sales of AUD 117 million (AUD 1 = EUR 0.82) for the year 2012. The closing of the transaction is expected in the course of July 2012.

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