Brenntag expands US service portfolio by acquiring the pipeline and chemicals services segment of Greene's Energy Group
February 2 2017, David R BrownTweet
Brenntag, the global market leader in chemical distribution, has announced that it has completed the acquisition of the pipeline and chemicals services business segment of Greene's Energy Group, LLC, a leading provider of integrated solutions for the Oil & Gas (O&G) industry in the USA, headquartered in Houston, Texas. The business is focused on pipeline cleaning and hydrostatic testing.
The acquisition complements our existing product and service portfolio for the O&G business in the USAMarkus Klähn
Member of the Board of Management of Brenntag Group and CEO Brenntag North America
Markus Klähn, Member of the Management Board of Brenntag Group and CEO Brenntag North America: “The acquisition complements our existing product and service portfolio for the O&G business in the USA and supports our ability to comprehensively serve all segments of the industry.”
The acquired assets of the pipeline and chemicals services segment of Greene's Energy Group, LLC, offers a full range of products and services for pipeline integrity management, new construction and maintenance support including several proprietary chemicals and large inventory of specialized equipment.
Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: “The acquisition will expand our capabilities and service offering in this important segment and is a good opportunity for further consolidation of the still fragmented market of service providers to the O&G industry.”
The business unit generated sales of approximately 15.5 million USD in the financial year 2016.
Headquartered in Mülheim an der Ruhr, Germany, Brenntag is the market leader in chemical distribution and operates a global network of over 530 locations in more than 74 countries. In 2015, the company, which has a global workforce of more than 14,000, generated sales of EUR 10.3 billion (USD 11.5 billion). With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 180,000 customers. These include 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
Attention Chemical Distributors!
Please send your press releases to: email@example.com
Latest Distributor News
- 3 Jan 2018 - Safic-Alcan UK acquires Techform Fine Chemicals »...Source: Safic-Alcan Press Release
- 21 Dec 2017 - US Vinmar acquires control of Turkish chemical distributor Veser Kimya »...Source: Vinmar Press Release
- 21 Dec 2017 - Brenntag expands market coverage and service portfolio in Iberia by acquiring Quimitécnica »...Source: Brenntag Press Release
- 21 Dec 2017 - Safic-Alcan acquires the French distributor of pharmaceutical active ingredients, Biochimex »...Source: Safic-Alcan Press Release
- 21 Dec 2017 - Barentz International acquires Soforebo to strengthen animal protein offer in the Balkans region »...Source: Barentz Press Release
- 19 Dec 2017 - Brenntag to acquire Conquimica to extend distribution network in Colombia »...Source: Brenntag Press Release
- 19 Dec 2017 - Specialty chemicals distributor, Bodo Möller Chemie positioned to achieve global growth targets »...Source: Bodo Möller Chemie Press Release
- 18 Dec 2017 - Brenntag expands presence in the Indian chemical distribution market by acquiring Raj Petro Specialities »...Source: Brenntag Press Release
- 8 Dec 2017 - Univar acquires Kemetyl Industrial Chemicals to enhance its position as a leading distributor in the Nordic region »...Source: Univar Press Release
- 24 Nov 2017 - Overlack changes name to OQEMA to reflect European growth ambitions »...Source: CHEManager article
- 22 Nov 2017 - Valtris Specialty Chemicals selects Krahn Chemie as distributor for a number of European countries »...Source: Krahn Chemie Press Release
- 1 Nov 2017 - Safic-Alcan establishes a strategic alliance to supply pharmaceutical ingredients in Turkey »...Source: Safic-Alcan Press Release
- 30 Oct 2017 - Caldic expands in the UK with the acquisition of specialty chemicals distributor, Elastomerics Limited »...Source: Caldic Press Release
- 9 Oct 2017 - Brenntag strengthens chemical distribution in South Africa with the official formation of Brenntag South Africa (Pty) Ltd »...Source: Brenntag Press Release
- 4 Oct 2017 - U.S. polymer distributor, M. Holland to acquire wire & cable distributor T&T Marketing »...Source: M.Holland Press Release
- 25 Sep 2017 - Azelis expands its presence in the Swiss market with the acquisition of Georges Walther AG »...Source: Azelis Press Release
- 22 Sep 2017 - Leading Australasian distributor, Redox buys specialty engineering polymers distributor, P.D. Plastics Pty Ltd »...Source: Redox Press Release
- 21 Sep 2017 - Univar aquires Tagma Brazil to expand its agricultural business in Latin America »...Source: Univar Press Release
- 20 Sep 2017 - Leading U.S. speciality chemicals distributor, Maroon Group acquires New Jersey-based Seidler Chemical »...Source: Maroon Group Press Release
- 19 Sep 2017 - Nordmann, Rassmann completes its European network and and extends its global reach through the acquisition of UK-Based Melrob Group »...Source: Nordmann, Rassmann Press Release
- 18 Sep 2017 - Bodo Möller Chemie opens subsidiaries in the USA and Mexico »...Source: Bodo Möller Chemie Press Release
- 23 Aug 2017 - Japanese Nagase Group acquires U.S. specialty chemicals distributor, Fitz Chem Corporation »...Source: Fitz Chem Press Release
- 11 Aug 2017 - U.S. petrochemical marketer and distributor, The Plaza Group acquires Texas distributor, Conchemco »...Source: The Plaza Group Press Release
- 4 Aug 2017 - IMCD to acquire Canadian specialty chemicals and ingredients distributor L.V. Lomas »...Source: IMCD Press Release
- 28 Jul 2017 - U.S. specialty chemicals distributor Dunleary Inc. has acquired D.N. Lukens Inc. and D&F Distributing Inc. »...Source: Dunleary Press Release