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News> Paint&Coating

Brenntag Acquires Alphamin


Brenntag said it completed the acquisition of all shares of specialty chemicals distributor Alphamin S.A. (Wavre, Belgium) and its subsidiary Alphamin Inc. (New Jersey). The company is focused on specialty polymers and waxes.

“With its global reach, its product portfolio and expertise, Alphamin is an attractive bolt-on acquisition for Brenntag’s existing specialty chemicals business, strengthening and expanding our existing offer to customers in the Material Science segment,” said Karsten Beckmann, member of the Board of Management of Brenntag Group and CEO Brenntag EMEA.

“Alphamin is a perfect opportunity to improve Brenntag’s technical resources, expand our presence in attractive niche markets, increase our business opportunities in promising Material Science segments, and support our global or pan-regional strategy for certain product groups such as waxes,” added Anthony Gerace, Brenntag Group’s managing director, Mergers & Acquisitions.

The business generated total sales of approximately €44.6 million in the financial year 2017/18, ended on June 30, 2018.

Source: Coatings World
Disclaimer: Echemi reserves the right of final explanation and revision for all the information.

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