December 22 2014, David R Brown
Brenntag strengthens its industrial chemicals business in Sweden with the acquisition of Fred Holmberg
Brenntag has signed an agreement to acquire the Swedish chemical distributor Fred Holmberg & Co AB headquartered in Malmo. Fred Holmberg is focused on the distribution of organic and inorganic chemicals in Scandinavia and also provides efficient mixing and blending activities. The company's main site is located in Kalmar in the south-east of Sweden, with modern filling lines for packaging goods as well as a direct connection to the harbour to faciliate both imports and exports.
With this acquisition we bring together two strong companies
Karsten Beckmann
CEO Brenntag EMEA
Karsten Beckmann, CEO Brenntag Europe, Middle East and Africa: “With this acquisition we bring together two strong companies. Thereby Brenntag will further strengthen and expand its industrial chemicals product portfolio in the region. The transaction fits our industrial chemicals strategy and will broaden the portfolio of products to our customers in addition to our existing speciality range of products and services. With acquiring Fred Holmberg & Co AB we invest once more into our infrastructure which also will add value to our business partners, both customers as well as suppliers.”
“It is very exciting that we have come to terms with Brenntag. We are combining Fred Holmberg & Co AB's cost-effective logistic set-up and Brenntag Nordic's market penetration capabilities which enables us to further improve and develop our attractiveness to customers as well as to suppliers and producers in the region” said Fred Holmberg, owner and founder of Fred Holmberg & Co AB.
The acquired business is expected to generate total sales of approximately EUR 75.3 million in 2014. The transaction is expected to be closed during the first quarter of 2015.
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