The deal will expand Brenntag\'s market position in Australia and New Zealand
German chemical distributor Brenntag has acquired ISM/Salkat Group, a leading distributor of specialty chemicals in Australia and New Zealand. The company said the acquisition will enlarge its existing specialty product portfolio in the region for industries such as personal care, coatings, pharmaceuticals and food & beverage.
“The acquisition of the ISM/Salkat Group represents a huge step to achieve our strategic position as a full line chemical distributor with an established and competitive platform in Asia-Pacific,” said Steve Holland, ceo of Brenntag Group. “Brenntag’s business partners will benefit from our increased capabilities to provide world class products and services.”
Jürgen Buchsteiner, responsible for M&A activities on Brenntag’s management board, added: “The acquisition significantly expands Brenntag’s local supplier base and adds another 1,200 customers to our existing customer base.”
The deal is expected to close this month.