Up to date news on the global chemical distribution industry
January 9, 2012
Brenntag have announced the acquisition of Amco Internacional S.A. de C.V., a specialty chemical distributor headquartered in Mexico City, Mexico. Amco has nearly 30 years of experience in the highly specialized distribution of aroma chemicals, essential oils and food ingredients. Brenntag will benefit from the strong relationships Amco has built with customers and suppliers not just in Mexico, but with Amco's multinational customers in other countries in Latin-America.
Peter Staartjes, President Brenntag Latin America stated: “The acquisition of Amco Internacional will strengthen Brenntag's position with a sophisticated portfolio of specialty products and services in the region. Furthermore the cross selling synergies of Brenntag products to Amco customers is an important aspect for the future strategy in this market.”
Amco Internacional, a family owned business, is an experienced flavors and fragrances raw materials distributor in the region. Amco differentiates itself in the marketplace by selling most of its specialty chemicals under its own brand name and specifications. In 2011 the company generated sales of about USD20.2M. Ricardo Amper, Managing Director of Amco Internacional will continue to lead the operational business of the company.
The move may also precipitate the development of Brenntag Specialties in South America. At the moment the Brenntag Specialties operation is restricted to Europe and North America.
Brenntag, the global leader in full-line chemical distribution, recorded global sales of EUR 7.6 billion (USD 10.1 billion) in 2010. The company operates in excess of 400 locations with more than 12,000 people in nearly 70 countries. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a large supplier base, Brenntag offers one-stop shop solutions to more than 160,000 customers.
Source: Brenntag website
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