Calumet inks distribution deal with Monument Chemical

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.”