Chemical Distribution News Round Up
Winter 2014/15
Africa, Asia-Pacific & Middle East
US-based Private equity firm Riverside acquires Malaysia-based chemicals distributor
Private equity firm The Riverside Co. (New York) has announced that it has acquired Drex-Chem, a Malaysian-based specialty chemicals distributor. Based near Kuala Lumpur Drex-Chem has long-term distribution... More
Orica sells off its chemical distribution and manufacturing business to funds advised by Blackstone
Orica Limited (Orica, ASX:ORI) is to sell its Chemicals business to funds advised by Blackstone for A$750 million. The sale includes the Chemicals trading businesses in Australia, New Zealand and Latin America... More
Connell Brothers acquires Bioworld to boost presence in Chinese personal and home care markets
Connell Brothers (CBC) has announced that it has acquired the operations of Bioworld Fine Chemical (Shanghai) Co., Ltd., a distribution company dedicated to personal and home care ingredients in China... More
New Australasian specialty distributor Axieo created as Nuplex divests to CHAMP Private Equity
Nuplex Industries Ltd has agreed to divest its Specialties division to Australian PE company, Champ Private Equity for A$127.5 million. The Specialties division comprises a chemical distribution and agency business... More
South-African distributor, Millchem joins FECC
The FECC has annouced that Millchem Africa, a leading distributor of industrial chemicals and lubricants in Southern Africa has recently joined the association... More
Europe
DSM to sell composite raw materials distributor, Euroresins to Cathay Investments
Royal DSM has announceed it has reached agreement with Cathay Investments for the sale of Euroresins. Subject to customary approvals and notifications, the transaction is expected to close in Q1 2015... More
Brenntag strengthens its industrial chemicals business in Sweden with the acquisition of Fred Holmberg
Brenntag is 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... More
Eastman Chemical appoints ICH Benelux as its new distributor in Benelux
Eastman Chemical BV has appointed ICH Benelux (Krahn Chemie Group) as its new distributor for the Benelux region. The cooperation will start January 1, 2015 and covers all Eastman products for paint and coatings applications... More
Biesterfeld Plastic acquires Biesterfeld Nordic AB from JV partner, Fred Holmberg
Biesterfeld Plastic GmbH has taken 100% ownership of their joint venture company, Biesterfeld Nordic AB based in Malmo, Sweden. With effect from 1st of December 2014 Biesterfeld Plastic GmbH purchased the remaining 50% shares... More
Biesterfeld Spezialchemie expands partnership with Dr. Straetmans to Russia
Biesterfeld Spezialchemie GmbH and Dr. Straetmans GmbH, both headquartered in Hamburg have announced they are to further expand their successful cooperation. As a result, Biesterfeld Spezialchemie in Russia... More
Specialty chemicals distributor, Bodo Möller Chemie opens new subsidiary in Moscow
The new Russian subsidiary Bodo Möller Chemie Russia LLC has opened for business with immediate effect. With the formation of the new entity... More
Euronext listed IMCD posts strong results for first nine months of 2014
International speciality chemicals distributor, IMCD has announced positive results for the first nine months of 2014 with revenues increasing by EUR 111.5 million to EUR 1,041.4 million, an increase of 12%... More
Azelis opens a leading-edge Life Sciences laboratory suite in the UK
Azelis has made a significant investment in its development capabilities with the opening of new laboratory facilities at its site in Hertford, UK. The suite, which comprises high quality Personal Care... More
Barentz completes acquisition of AgriNutrition to strengthen its animal nutrition business
Barentz has announced it has completed the full acquisition of AgriNutrition, specialised in the trading and distribution of raw materials and ingredients for the animal feed industry... More
Biesterfeld AG announces minority partnership with Hannover Finanz Group to strengthen growth ambitions
Biesterfeld AG is set to strengthen its long-term growth strategy with partner Hannover Finanz Group, who are purchasing a minority participation in the leading plastics and chemical distributor. Hannover Finanz has been a silent partner... More
North & South America
Brenntag to acquire Colombian specialty chemicals distributor
Brenntag is to acquire SurtiQuimicos S.A., a distributor of specialty chemicals headquartered in Bogota, Colombia. The main business focus of the company's activities is the distribution of specialty chemical products... More
US private equity company, Advent International acquires leading Latin American chemical distributor, Grupo Transmerquim
The founding shareholders of Grupo Transmerquim, S.A. (GTM), one of the largest chemical distributors in Latin America, have announced they have sold the company to Advent International, an American global private equity firm focused... More
Latest NACD report shows US chemical distributors increased sales and improved safety in 2013
According to NACD's 2014 Membership & Safety Report released at the association's 43rd Annual Meeting, NACD member companies generated $31.2 billion in combined sales in 2013... More
Univar buys D'Altomare Quimica Ltda to expand its market presence in Brazil
Univar Inc., has announced that it has acquired D'Altomare Quimica Ltda., a Brazilian distributor of specialty chemicals and ingredients, through Univar Brasil Ltda. The acquired business will be combined with Univar's Brazilian operations... More
PE-owned Maroon Group acquires custom blender and re-packaging company Addipel, LLC
US-based speciality chemical distributor, Maroon Group, LLC has acquired Addipel, LLC, a custom blender and re-packager based in Avon Lake, Ohio. Addipel was founded in 2008 in Avon, Ohio to provide custom formulated dry blends to customers in the plastics industry... More
People
IMCD to appoint new Supervisory Board member
Arjan Kaaks is to be appointmented member of the Supervisory Board at an Extraordinary General Meeting of IMCD N.V. to be held on 10 February 2015 to fill the vacancy that arose following the decease of Mr. Floris Waller. www.imcdgroup.com
Carl J. Lukach Joins Univar as Chief Financial Officer
Lukach joins Univar following a 34-year career at DuPont where he most recently served as Vice President of Treasury, Tax and Investor Relations for DuPont's Performance Chemicals Company. www.univar.com
US-based Maroon Group Announces New CFO
Maroon Group LLC has appointed Brian Wilson as Chief Financial officer. Prior to joining Maroon Group, Wilson held the position of Treasurer and Director of Financial Reporting at The Kenan Advantage Group...www.maroongroupllc.com/
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