Up to date news on the global chemical distribution industry
March 21, 2012
Brachem Acquisition S.C.A., the major shareholder of Brenntag AG, has sold 7.0 million additional shares in Brenntag AG to institutional investors in an accelerated bookbuilding process increasing the 'free float' from nearly 73% to 86.3%.
In a separate release, Brenntag also reported record results for 2011 with sales increasing by 13.5% from €7.6Bn in 2010 to €8.7Bn in 2011 driven by both higher selling prices and stronger volumes, partly due to recent acquisitions.
Steven Holland, CEO: “Our final quarter and year end results 2011 reflect the underlying resilience of Brenntag supported by a highly diversified business model which continued to capture growth from the regions around the world whilst maintaining a robust performance in those areas with more serious macroeconomic challenges.”
All regions contributed to the positive development of Brenntag’s results in the financial year 2011. In particular, Asia Pacific showed strong development with an exceptional growth in sales from €217M in 2010 to €415M in 2011.
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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