Monument will exclusively distribute Calumet’s Penreco branded product lines of white oil and petrolatums
Calumet Specialty Products Partners has announced an exclusive distribution deal with Belgium-based Monument Chemical.
The US specialty ingredients company will entrust the distribution of its Penreco-branded product lines of white oil and petrolatums used in cosmetics and personal care products to Kallo-based Monument Chemical.
John Soanes, Director of Sales for Penreco, said: “We are excited by the potential to offer our multinational customers decreased lead time and increased customer service through this partnership.
"This will provide us with a strategically located facility capable of serving current and prospective customers in Europe, furthering our commitment to grow on a global scale."
Under the agreement, Monument has been given the exclusive distribution rights of the Penreco lines in the EU.
Sweder van Rijckevorsel, Commercial Director at Monument Chemical, added: “We already offer a wide range of chemical for similar market applications and adding the Penreco product line to our portfolio will allow us to provide our extensive customer base with one stop-shopping and improved lead times while maintaining our superior customer service levels.”