December 21 2023, David R Brown
Brenntag Essentials to acquire leading EMEA solvents and glycols distributor, Solventis Group
Brenntag [ISIN DE000A1DAHH0], the global market leader in chemicals and ingredients distribution, have agreed to acquire Solventis Group, a glycols and solvents distribution company operating from Antwerp, Belgium, and from the UK.
The acquisition will support our integration with increasingly global supply markets while strengthening our regional market position and customer proximity in EMEA
Ewout van Jarwaarde
CEO of Brenntag Essentials
Ewout van Jarwaarde, Chief Executive Officer Brenntag Essentials, commented: “Brenntag Essentials combines a cost-efficient network of last mile service operations with regional sourcing and supply chain services, and global sourcing. Solventis Group is a highly compatible fit to our strategy, adding tollgate capabilities and volume optionality via their Antwerp state-of-the-art site to our regional capacities, while opening interregional optimization potential. The acquisition will support our integration with increasingly global supply markets while strengthening our regional market position and customer proximity in EMEA.”
Established in 2002 and based in the United Kingdom, the family-owned company encompasses multiple entities, including Solventis, Kilfrost Europe, Antwerp Distillation Company, Solventis Solutions, and Solvenox. In 2022, the group reported annual sales of over EUR 300 million. Specialising in the distribution of glycols and solvents, Solventis Group provides tailored solutions to a diverse global customer base. Alongside a site in Scunthorpe, UK, the company operates a purpose-built facility in the port of Antwerp, Belgium, a major European chemicals hub, engaging in advanced blending, storage, packing, distribution, and chemical recycling.
The acquisition, especially with its strategically positioned Antwerp site, also improves Brenntag Essentials' sustainability profile with increased sourcing via ships and barges, delivery options through rail transport as well as proficiency in glycol recovery and recycling.
David Lubbock, Owner and Chief Executive Officer of the Solventis Group, states: “Our global network of suppliers and customers stands to gain significant advantages from Brenntag's extensive global reach and diverse product and service portfolio. We eagerly look forward to becoming part of the expanding Brenntag Essentials platform.”
Financial details of the deal are not being disclosed. Closing of the transaction is subject to customary conditions including regulatory approvals and is expected in Q2 of 2024.
About Brenntag
Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 17,500 employees worldwide and operates a network of about 600 sites in 72 countries. In 2022, Brenntag generated sales of around 19.4 billion EUR. The two global divisions, Brenntag Essentials and Brenntag Specialties, provide a full-line portfolio of industrial and specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, comprehensive regulatory know-how, and digital solutions for a wide range of industries.
Source(s): Brenntag Press Release
Further Information
Visit: https://www.brenntag.com