News Article 2014

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September 30 2014, David R Brown

Brenntag set to acquire Chimab SPA, an Italian distributor of food ingredients

Brenntag, the global market leader in chemical distribution, has agreed to acquire Chimab SPA, headquartered close to Padua, Italy. The company is a supplier of food ingredients and semi-finished products for several food subsectors, including Beverage, Ice Cream and Desserts, Meat and Prepared Foods.

An important contribution towards establishing and promoting the specialty business unit Food in Italy

Karsten Beckmann
CEO Brenntag Europe, Middle East and Africa

Karsten Beckmann, CEO Brenntag Europe, Middle East and Africa: “With food ingredients and services being a strategic focus industry for Brenntag, this acquisition will further increase the market penetration of Brenntag in Italy and provide more value added services to new sectors within the Food industry. It is a cornerstone and important contribution towards establishing and promoting the specialty business unit Food in Italy and therewith becoming market leader in the industry sectors Meat, Bakery and Ice-Cream.”

For the financial year 2014 Chimab is expected to generate sales of more than EUR 32 million. The closing of the transaction is expected in the course of the next weeks.

About Brenntag
Headquartered in Mülheim an der Ruhr, Germany, Brenntag is the market leader in chemical distribution and operates a global network of over 480 locations in more than 70 countries. In 2013, the company, which has a global workforce of more than 13,000, generated sales of EUR 9.8 billion (USD 13.0 billion). With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 170,000 customers. This includes specific application technology, extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling.

Source(s): Brenntag Press Release

Further Information

Visit: http://www.brenntag.com